Group 1 - The company, Wuxi Chemical Equipment Co., Ltd., has approved the establishment of a wholly-owned subsidiary in Singapore, named WCE ENERGY TECHNOLOGY PTE. LTD., with a total investment of $100,000 and a registered capital of $1,000 [2][3][4] - The investment aims to support the company's global development strategy, expand overseas markets, enhance business layout, and improve the company's international recognition and risk resistance [5][6] - The investment will be funded by the company's own capital and is not expected to have a significant short-term impact on the company's financial and operational status [6][7] Group 2 - The establishment of the subsidiary requires approval or filing procedures for outbound investment, which introduces uncertainty regarding the implementation of the investment [2][7] - The company will face potential risks related to market competition, operational management, and performance expectations in the new market environment of Singapore [7]
无锡化工装备股份有限公司关于对外投资暨拟设立新加坡全资子公司的公告