Good news: the subsidiary of Wuqian Magnetic was formally established in Jiaozuo, Henan Province.

On September 6, 2024, Henan Wuqian Magnetic Energy Technology Co., Ltd. signed a contract with Mr. Wu Bishi to establish Jiaozuo Wuqian Magnetic Technology Co. On September 14, 2024, Jiaozuo Wuqian Magnetic Technology Co. Mr. Wu Bishi serves as the general manager (legal representative) of the company and holds 51% of the shares. Henan Wuqian Magnetic Energy Technology Co., Ltd. is the parent company of Jiaozuo Wuqian Magnetic Technology Co. This shareholding ratio ensures Jiaozuo Wuqian Magnet's independence in decision-making and autonomy in operation. This capital structure not only ensures the independent development of Jiaozuo Wuqian Magnet, but also reflects the support and confidence of the parent company to Jiaozuo Wuqian Magnet Technology Co.

As a company focusing on the research and development of emerging energy technologies, Henan Wuqian Magnetic Energy Technology Co., Ltd. is committed to promoting the development of green and environmentally friendly energy technology products in China and contributing to the sustainable development of all mankind. Facing the increasingly diversified scientific research results and the constant changes in the market, the head office actively seeks business expansion and product upgrading to meet the ever-developing market demand.

The establishment of Jiaozuo Wuqian Magnetic Technology Co., Ltd. not only marks the birth of a new enterprise, but also a strategic step in the field of magnetic energy by Henan Wuqian Magnetic Energy Technology Co. The new company will continue to adhere to the company's corporate vision of “magnetic energy to change the future, new technology to benefit mankind”, focusing on the production of magnetic energy products, to provide customers with high-quality products and services. This will not only help to enhance the overall business competitiveness of Wuqian Magnetic Headquarter, but also inject new vitality into the development of the Headquarter. This initiative marks that Henan Wuqian Magnetic Energy Technology Co., Ltd. has reached a new height in the course of enterprise development.

(Photo: Mr. Wang Yafu, Vice Chairman and General Manager of Henan Wuqian Magnetic Energy Technology Co., Ltd. and Mr. Wu Bishi, General Manager of Jiaozuo Wuqian Magnetic Science & Technology Co.)

Henan Wuqian Magnetic Energy Technology Co., Ltd. will continue to plough into the magnetic energy industry and continuously promote scientific and technological innovation in order to realize new breakthroughs in magnetic energy technology and bring about cleaner, more efficient and sustainable energy solutions. Contribute to China's energy transformation and green development and create a better future together.

Henan Wuqian Magnetic Energy Technology Co., Ltd

office

September 23, 2024