The announcement shows that Hong Kong Alto jointly invested with its own funds and company employees Ma Qinyong and Liu Yu to establish Thailand Alto with a registered capital of 4 million baht. Recently, it has obtained the registration certification document issued by the local competent authority in Thailand and completed the industrial and commercial registration.
Information shows that Thailand Alto's registered capital is 4,000,000 baht (approximately RMB 842,700), and Hong Kong Alto's shareholding ratio reaches 98%. Its business scope includes engaging in the research and development and design of electronic products; engaging in the retail, wholesale, import and export of LED displays and related accessories; engaged in the business of providing services, leasing electronic equipment, installing and repairing electronic equipment, LED displays and related accessories.
Alto Electronics stated that this foreign investment to establish a Thai company is in line with the company's long-term strategic development and actual operating needs. On the one hand, it will help promote the company's internationalization process, accelerate the construction of marketing service centers radiating Southeast Asian countries and regions, improve the response speed of local technologies, products, and services, and improve the quality and quality of customer service.brand image; on the other hand, it attracts international high-end talents, makes full use of local resources, further promotes the sustained growth of overseas business, and broadens the company's international development path.
It is worth noting that in recent years, Alto Electronics' overseas revenue has continued to grow. From 2021 to 2023, Alto Electronics' overseas revenue was 255 million yuan, 289 million yuan, and 316 million yuan respectively. In the first half of this year, Alto Electronics' overseas business continued to maintain a good growth trend, with newly signed orders of 155 million yuan, a year-on-year increase of 17.68%, and revenue of 167 million yuan, a year-on-year increase of 0.92%.
ANNA