On April 22, China Finance Fund inked a strategic tripartite agreement with Xinyuren and Yudian New Energy, aiming to tap into overseas markets. Under the terms of this agreement, China Finance Fund will act as an investment and operational hub, focusing on financing the construction of an electronics manufacturing facility in Saudi Arabia. Additionally, the trio will synergize their respective strengths and endeavors to establish a joint venture in the Kingdom. In this venture, Yudian New Energy will spearhead technical design and implementation, while Xinyuren will contribute core technologies and product support, collectively ensuring the smooth execution of the project.
