Vanward Electric plans to use its own funds of HKD 300,000 to establish a wholly-owned subsidiary in Hong Kong, Vanward Global Hong Kong Limited. The company will hold 100% equity in Vanward Global, with a business scope covering import and export trade, aiming to meet business development needs and advance overseas market expansion. This investment is still subject to approval by the Hong Kong Companies Registry. In the first quarter of 2026, Vanward Electric achieved revenue of 2.171 billion yuan and net profit attributable to the parent company of 79.61 million yuan.
Guangdong Vanward New Electric Co LtdVanward Electric invests HKD 300,000 to set up a Hong Kong subsidiary for overseas expansion, using own funds.