PPF(SZ:300258) Ju Chao Zi Xun·2025-10-23 03:17Core Viewpoint - The company has approved the establishment of a wholly-owned subsidiary in Morocco to advance its internationalization strategy, responding to the growing automotive market in Morocco and surrounding regions [2][3] Group 1: Company Expansion - The new subsidiary, tentatively named PPF (Morocco) Co., Ltd., will have a registered capital not exceeding 70 million RMB equivalent in Moroccan Dirhams, located in the Ghenitra-Atlantic Free Trade Zone [2] - The subsidiary will focus on the research, production, and trade of automotive components, with 100% ownership held by the company's wholly-owned subsidiary in Singapore [2] Group 2: Strategic Rationale - The investment aims to mitigate potential adverse impacts from international environmental changes and to meet the demand from overseas clients for nearby production facilities [3] - Establishing a company in Morocco aligns with the long-term strategy of expanding into the European market, enhancing cooperation with overseas clients, and strengthening the company's international business footprint [3] Group 3: Market Coverage - The Moroccan subsidiary will serve the European and African markets while providing support to clients in North and South America, contributing to a diversified service system [3] - The company's global layout now includes operations in Singapore, Thailand, Morocco, Japan, and France, facilitating comprehensive service across various regions [3]