Announcement #Weidi co., LTD. proposes to set up a joint venture company to develop the special vehicle main engine market

Shanghai Securities News China Securities Network News (reporter Confucius Ziyuan) Weidi shares announced that the company intends to jointly invest with Hangzhou Xunma Machinery Co., Ltd. and Shanghai Furui hill automobile technology co., LTD. to set up a forklift axle, central control electronic instruments and vehicle electronic components as the core of the joint venture cooperation project, intends to set up a joint venture company in Zhejiang Lishui Economic and Technological Development Zone, the registered capital of 55 million yuan, the company holds 55% of the shares. As the company's forerunner in entering the special vehicle main engine market, this project will try to open up the special vehicle and commercial vehicle axle and central control electronic main engine market for various purposes, bringing greater market space to the company.