Suzhou Jiren Hi-Tech Material Co., Ltd. (hereinafter referred to as "Jiren Hi-Tech") announced that, in order to further expand its overseas markets and meet its long-term strategic development needs, the company plans to establish a wholly-owned subsidiary in Singapore, and through this subsidiary, establish a holding sub-subsidiary in Indonesia. This marks the official launch of Jiren Hi-Tech's overseas production base layout, and the company's internationalization strategy has thus entered a substantive implementation phase.
According to the announcement, the company plans to establish a wholly-owned subsidiary in Singapore named Jiren Hi-Tech Material Pte. Ltd., with its registered address in Woodlands, Singapore. The subsidiary's primary business is paint sales, with a registered capital of SGD 1,000 (approximately USD 740), wholly held by Jiren Hi-Tech through cash contribution. As an international financial center, Singapore has a well-established legal system and liberal foreign exchange policies. This move is intended to position the subsidiary as a center for capital management and overseas administration, providing strong support for the company's subsequent global operations.
Following the establishment of the Singapore wholly-owned subsidiary, it will collaborate with PT GLOBAL SEJAHTERA JAYA and Suzhou Yeyoujie Trading Co., Ltd. to establish a holding sub-subsidiary in Jakarta, Indonesia, named PT Jiren High Tech Material Indonesia, whose primary business is paint manufacturing and sales. The sub-subsidiary has a registered capital of IDR 13 billion, of which the Singapore wholly-owned subsidiary contributes IDR 6.63 billion (approximately USD 400,000), holding a 51% stake, making it the controlling shareholder and consolidating the sub-subsidiary into the company's consolidated financial statements; PT GLOBAL SEJAHTERA JAYA contributes IDR 5.07 billion (approximately USD 306,000), holding a 39% stake; and Suzhou Yeyoujie Trading Co., Ltd. contributes IDR 1.3 billion (approximately USD 78,000), holding a 10% stake. The total overseas investment in this project does not exceed USD 400,000 or its RMB equivalent, all funded from the company's own capital.
The company's previously released 2025 annual report shows that its full-year operating revenue reached RMB 445 million, a year-on-year increase of 22.82%; however, its net profit attributable to shareholders was -RMB 6.6598 million, still in a loss-making position. Expanding into overseas high-margin markets by setting up a plant in Indonesia may become an important breakthrough for the company to improve its profitability.