Core Viewpoint - Weigao International Holding Corporation Pte. Ltd. has entered into a joint venture agreement with PT Oneject Indonesia to establish Oneject Wego Medical in Indonesia, focusing on local production of medical consumables [1][2] Group 1: Joint Venture Details - The joint venture will be owned 45% by Weigao International and 55% by the joint venture partner [1] - The joint venture will manufacture and sell intravenous catheters, infusion sets, and other medical consumables, targeting products that are currently heavily imported into Indonesia [1] - The partner, PT Oneject Indonesia, is a subsidiary of GDK Company, a leading manufacturing and sales group in Indonesia, which will provide extensive resources and market knowledge [1] Group 2: Strategic Benefits - The establishment of the joint venture is expected to allow the company to enter emerging overseas markets, expand its customer base, and create synergies with existing operations [2] - The board believes that the joint venture aligns with the overall interests of the company and its shareholders [2]

Core Viewpoint - Weigao International Holding Corporation Pte. Ltd. has entered into a joint venture agreement with PT Oneject Indonesia to establish Oneject Wego Medical in Indonesia, aiming to manufacture and sell medical consumables locally, reducing reliance on imports [1][2] Group 1: Joint Venture Details - The joint venture will be owned 45% by Weigao International and 55% by the joint venture partner [1] - The joint venture will not consolidate its financial performance into the company's accounts [1] - The business activities will focus on manufacturing and selling intravenous catheters, infusion sets, and other medical consumables in Indonesia [1] Group 2: Strategic Rationale - The establishment of the joint venture is expected to allow the company to enter emerging overseas markets and expand its customer base [2] - The joint venture is anticipated to create synergies with the company's existing operations [2] - The board believes that the joint venture aligns with the overall interests of the company and its shareholders [2] Group 3: Partner Profile - The joint venture partner is a subsidiary of GDK Company, a leading manufacturing and sales group in Indonesia [1] - The partner specializes in producing standard syringes, safety and smart auto-disable syringes, blood bags, dialysis products, and blood collection tubes [1] - The partner's established resources, network, and market knowledge will help identify suitable opportunities in the Indonesian market [1]

Core Viewpoint - Weigao Group has established a joint venture in Indonesia to manufacture and sell medical consumables, aiming to reduce reliance on imports and expand its market presence [1][2] Group 1: Joint Venture Details - Weigao International Holding Corporation Pte. Ltd. will hold a 45% stake in the joint venture, Oneject Wego Medica, while the local partner, PT Oneject Indonesia, will hold 55% [1] - The joint venture will focus on the production of intravenous catheters, infusion sets, and other medical consumables, emphasizing localized manufacturing [1] Group 2: Strategic Implications - The establishment of the joint venture is expected to allow the company to enter emerging overseas markets, expand its customer base, and create synergies with existing operations [2]