Future Electronics (301386.SZ) plans to establish a joint venture company in Indonesia to expand its overseas market layout.

Zhijong Finance and Economics APP news, Future Appliances (301386.SZ) announced that, in response to the national "going global" development strategy, the company plans to actively expand its overseas market layout. It plans to establish overseas entities XINGCHEN INVEST PTE.LTD. by using its own funds through setting up a holding company COGLORY HOLDING PTE.LTD. and Coglory One Inc. The newly established entity XINGCHEN INVEST PTE.LTD. (hereinafter referred to as "Party A") will jointly invest and establish a joint venture company in Indonesia with PINQUAN TECH PTE.LTD. (hereinafter referred to as "Party B"), and have signed a "Foreign Investment Agreement".