Future Electronics: Planning to establish a wholly-owned subsidiary in Hong Kong with a planned investment of $50,000 to expand overseas business.

In a statement, Future Electronics announced that the company held a board meeting on July 3, 2026, to approve the proposal of establishing a wholly-owned subsidiary in Hong Kong with its own funds. The subsidiary is named Witera Trading Co., Limited, with a registered capital of $50,000 and 100% ownership by the company. Its business scope includes the sales and technical services of products such as medium and low voltage electrical protection equipment. This move aims to establish an overseas business operation platform, expand overseas markets, but may face legal, operational, and other risks, and require registration, approval, or filing with relevant domestic departments.