Core Viewpoint - Company emphasizes the importance of localized strategies in its global operations to enhance product and technology adaptation to regional market demands [1] Group 1: Global Strategy - The establishment of global R&D institutions facilitates quicker regional adaptation of products and technologies [1] - Localization is identified as a core component of the company's global strategy [1] Group 2: Local Procurement - Local procurement is driven by considerations of cost optimization, efficiency improvement, supply chain management, production synergy, and risk mitigation [1] Group 3: Manufacturing in India - The manufacturing base in India is designed to meet local market demands and also has the capacity to export to other overseas regions [1] - All products sold by the company are developed domestically, with India focusing solely on product application without technology transfer [1] Group 4: Technology and Risk Management - The technologies applied in India are not subject to national restrictions or confidentiality, mitigating risks related to technology leakage and local industrial capability development [1]

Core Viewpoint - The company, LiuGong, clarified that its products are developed domestically and that its operations in India are limited to product application without any technology transfer, thus mitigating risks related to technology leakage and local industrial capability development [1] Group 1 - The company confirmed that all products are researched and developed in China [1] - The operations in India do not involve technology output and are solely focused on product application [1] - The technologies used in India are not subject to national restrictions or confidentiality, ensuring no risk of technology secrets being leaked [1]