On August 15th, Gelunhui announced that Ningbo KBE Electrical Technology Co., Ltd. (hereinafter referred to as "KBE Intelligent Connection") was established with a self-funded investment of 50 million yuan to become its wholly-owned subsidiary. The company recently received the business license issued by the Ninghai County Market Supervision and Administration Bureau and completed the business registration procedures for KBE Intelligence Connection.
By establishing KBE Intelligence Connection, the company plans to research and develop, produce, and sell high-frequency and high-speed copper cable products, which are mainly used in the fields of data centers, cloud storage, and AI servers. This investment is a prudent decision made based on the company's strategic layout and future development needs, and is in the interest of long-term benefits to further optimize the company's business structure, gradually improve the company's industrial layout, and continuously enhance the company's overall strength.
