Witnessed by InvestCHN, SFC signed the investment agreement with Changshu Yushan New & Hi-tech Industrial Development Zone (CYNZ).

Participants

InvestCHN: Chase Wu, Founder

SFC Co.: Suping Zhang, General Manager of SFC China

Changshu Yushan New & Hi-tech Industrial Development Zone: Feng Cheng, Secretary of CPC Working Committee; Zhiqiang Zhang, Deputy Director of CPC Administrative Committee; Jian Xu, Director of Investment Promotion Bureau

Location

Changshu Yushan New & Hi-tech Industrial Development Zone Administrative Committee

Foreign Investor: SFC Co. (Australia)

Registered Capital: USD 12 million

Total Investment: USD 36 million

Estimated Annual Turnover: RMB 300 million

Estimated Annual Tax Revenue: RMB 30 million

EDZ: Changshu Yushan New & Hi-tech Industrial Development Zone

Project Signing Date: Decembern27, 2019

Project Period: 121 days

Company Founded: 1990

Company Background: SFC Co. is mainly engaged in research and development, design and production of fasteners for automobiles, high-speed railway and power grid facilities. Its main products include DTF LOCK fastening and anti-loosening products, Mathread patent authorization and metal parts embedded in explosion-proof tires. Its mainly end customers of service includes: Great Wall Motors, SAIC Volkswagen, Tesla, Geely Auto, Mazda, German Brose Automobile Seats, American ITW Group, German Keller & Kalmbach GmbH, American Hilti Group, etc.