Electronics

Suzhou Ruida connection system Co., Ltd. (hereinafter referred to as "Suzhou Ruida") listed on the Shanghai Stock Exchange recently announced that it plans to set up overseas subsidiaries Singapore Ruida international and Mexico Ruida (the name is tentative and subject to the approval of the local competent department).

Among them, Singapore Ruida International (tentative name) has invested US $4 million in the first phase, which is fully funded by the company in its own cash. The company holds 100% equity of the subsidiary. Its business scope includes the R & D and sales of parts, connectors and sensors in new energy vehicles, communications, energy storage and other fields. It is the company's overseas investment platform and international headquarters. The initial investment of Mexico Ruida (tentative name) is US $3 million, which is fully funded by Singapore Ruida international in its own cash. Singapore Ruida international holds 100% equity of the subsidiary, and its business scope includes the R & D, production and sales of parts in the fields of new energy vehicles and energy storage.