VanRoad Completes Acquisition of Kunshan Tuoan Plastic Products on March 1, 2024

VanRoad completed the acquisition of 100% equity in Kunshan Tuoan Plastic Products Co., Ltd. on March 1, 2024. Founded in 2010 with paid-in registered capital of RMB 50 million, Tuoan Plastics' main processes include injection molding, die casting, printing, vacuum coating, and spraying. Its main customers include Makita and Hasco Vision, among others. Tuoan owns 71.33 mu of land and has self-built plant facilities of nearly 40,000 square meters. After completing the acquisition of Tuoan, VanRoad will progressively integrate the advantageous resources of both parties to form a strong synergy and build a better platform for the development of the two companies.