On August 28, 2024, Guangzhou Folangsi Co., Ltd. and Mitsubishi Logisnext Corporation held a signing ceremony for strategic cooperation and equity acquisition of Nichiyu Forklift (Shanghai) Co., Ltd. (hereinafter referred to as Nichiyu Forklift (Shanghai)) in Guangzhou,marking the official start of the cooperation between the two parties and jointly opening a new chapter in the on-site logistics equipment industry in China and even the world.Mr. Hou Zekuan, Chairman of Folangsi Co., Ltd., Mr. Hou Zebing, General Manager of Folangsi Co., Ltd., Mr. Hiroshi Sugawara, Head of the Overseas Business Division of Mitsubishi Logisnext Corporation, Ms. Zhang Jie, Secretary-General of the Industrial Vehicle Branch of the China Construction Machinery Industry Association, and other leaders, guests and media representatives gathered together to witness this milestone moment.

    This signing ceremony is not only a positive response to the current trend of new energy revolution, intelligence and digitalization in the Chinese forklift market, but also a strategic choice for the strong combination and complementary advantages of Folangsi and Mitsubishi Logisnext.As China's leading provider of on-site logistics equipment solutions, Folangsi has established an excellent brand image in the industry with its years of deep accumulation and strong service system. Mitsubishi Logisnext, as a world-class logistics equipment supplier, enjoys a high reputation worldwide for its Nichiyu brand, rich product series and excellent quality.

    At the ceremony, the Folangsi Chairman Mr. Hou Zekuan delivered a speech and he expressed his warm welcome and sincere gratitude to the guests.The chairman emphasized that Folangsi has always been committed to providing customers with excellent service experience as China's leading provider of on-site logistics equipment solutions.This strategic cooperation with Mitsubishi Logisnext is an important step for Folangsi to strengthen its network layout, enrich supply chain resources, expand customer coverage, and enhance brand effect. He expects that both parties can fully integrate resources, achieve complementary advantages and innovative breakthroughs, and jointly promote industrial upgrading and deepening and expansion of the value chain.

    Mr. Hiroshi Sugawara,Head of the Overseas Business Division of Mitsubishi Logisnext delivered a speech, expressing his expectations and confidence in the cooperation. He reviewed the history of the cooperation between the two parties and said: "Under the management of Folangsi,Nichiyu (Shanghai) will be revitalized with new vitality. We look forward to further expanding the Chinese market, strengthening brand influence and achieving win-win development through this cooperation."

    Ms. Zhang Jie, Secretary General of the Industrial Vehicle Branch of the China Construction Machinery Industry Association, delivered a speech and expressed her warm congratulations on the cooperation between the two parties. She pointed out that the strong combination of Folangsi and Mitsubishi Logisnext will inject new vitality and impetus into the entire industry and promote the progress and development of the on-site logistics equipment industry in China and even the world.

    Mr. Lin Tao from the Production Technology Department of Panasonic Wanbao (Guangzhou) Compressor Co., Ltd. also delivered a speech as a customer representative. He shared the outstanding performance of the Nichiyu forklift on the Panasonic Wanbao production line and expressed warm congratulations and good wishes for the cooperation between Folangsi and Mitsubishi Logisnext.

    In a warm atmosphere, Mr. Hou Zekuan, Chairman of Folangsi Co., Ltd., and Mr. Hiroshi Sugawara, Head of the Overseas Business Division of Mitsubishi Logisnext  Co., Ltd. signed a strategic cooperation agreement and held a launching ceremony for "New Nichiyu (Shanghai)· New Future". This marks the official start of the cooperation between the two parties, and also indicates that the two parties will work together to create a more brilliant future. Nichiyu (Shanghai) will also continue to set off with a new look and continue to provide customers with high-quality products and services.

(The new management team of Nichiyu Forklift (Shanghai) unveiled at the ceremony)

    At this point, the signing ceremony of the strategic cooperation between Folangsi and Mitsubishi Forklift and the equity acquisition of Nichiyu Forklift (Shanghai) was successfully concluded! We will work together to look forward to a bright future.