Core Insights - The company has signed a sales order worth over 100 million yuan with Saudi Controls Ltd, marking a strategic step into the Saudi and broader Middle Eastern market [1] - A new manufacturing facility in Riyadh is set to be completed by December 2025, with production expected to start in the first quarter of 2026, establishing Saudi Arabia as a manufacturing base for the company in the region [1] - The company plans to expand its operations beyond Saudi Arabia to the UAE, Qatar, and Kuwait, aiming to strengthen its market leadership in the Middle East [1] Group 1 - The partnership with Saudi Controls Ltd will involve supplying various AC and DC electric vehicle charging products over the next five years [1] - The establishment of a production base in Saudi Arabia will create more job opportunities and support the local economy, aligning with the Saudi government's sustainable development goals [1] - The company will implement strict localization manufacturing standards to meet market demands and collaborate with local governments to support the development of electric vehicle charging infrastructure in the region [1] Group 2 - The company's strategy in the Middle East is not only about expanding market share but also represents a significant global positioning in the renewable energy sector [2] - The focus will remain on technological innovation to provide more efficient and environmentally friendly charging solutions, promoting electric mobility in the Middle East [2] - The company anticipates more business opportunities in the electric vehicle charging sector and will continue to explore new avenues to enhance shareholder returns [2]