Group 1 - A new company, Zhejiang Chunfeng Power Technology Research and Development Co., Ltd., has been established with a registered capital of 50 million RMB [1] - The legal representative of the company is Chen Zhiyong [1] - The company's business scope includes research and development of motorcycles and parts, mechanical equipment, and metal products [1] Group 2 - The company is wholly owned by Chunfeng Power (603129) [1]

Core Insights - Thailand's trade surplus with the UK exceeded $840 million in the first half of 2025, indicating a positive trade balance [1] - The Thai Ministry of Commerce is prioritizing the completion of the Thailand-EU Free Trade Agreement (FTA) negotiations and is actively pushing for the initiation of Thailand-UK FTA talks [1] Trade Performance - The total bilateral trade between Thailand and the UK reached $2.626 billion in the first half of 2025, reflecting a year-on-year increase of 0.63% [1] - Thai exports to the UK amounted to $1.734 billion, showing a significant year-on-year growth of 11.40% [1] - Imports from the UK were recorded at $892 million, which represents a decline of 15.29% compared to the previous year [1] Key Export and Import Products - Major export products from Thailand to the UK include processed chicken, machinery and parts, gemstones and jewelry, motorcycles and parts, and automotive parts [1] - Key imports from the UK consist of machinery and parts, electronic circuit boards, scientific and medical equipment, bottled water and carbonated drinks, alcoholic beverages, and metal ores [1]

Company Overview - Taizhou Heran Technology Co., Ltd. was recently established with a registered capital of 5 million RMB [1][2] - The legal representative is Ye Jianbin [2] - The company is classified under the manufacturing industry, specifically in the manufacturing of urban rail transit equipment [2] Shareholding Structure - Zhejiang Xiyan Technology Co., Ltd. holds an 80% stake in the company [1] - Taizhou Fangyi Technology Co., Ltd. owns 12.942% [1] - Taizhou Danjiang Technology Co., Ltd. possesses 7.058% [1] Business Scope - The company’s business activities include technology services, development, consulting, and transfer [1] - It is involved in the research and manufacturing of motorcycles and their parts, as well as electric motors and bicycles [1] - The company is also engaged in software development and sales, as well as import and export activities [1]

Company Overview - Jiangsu Xiaokui Intelligent Technology Co., Ltd. was recently established with a registered capital of 10 million RMB [1] - The legal representative is Zhu Yiping, and the company is located in Fengxian Economic Development Zone, Xuzhou, Jiangsu Province [1] Shareholding Structure - Shenzhen Huazhi Chuxing Technology Co., Ltd. holds a 60% stake in the company [1] - Nanning Kuilong New Energy Technology Co., Ltd. holds a 40% stake [1] Business Scope - The company engages in various activities including technology services, development, consulting, and transfer [1] - It specializes in the research and development of intelligent robots and manufacturing of unmanned aerial vehicles [1] - Other areas of focus include motorcycle and parts development, electric bicycle sales, industrial robot manufacturing, and environmental protection equipment [1] - The company also deals with new energy vehicles, battery manufacturing, and charging infrastructure operations [1]