With the new development of the global business area, the overseas layout of Shenzhen Kaifa Technology established another subsidiary. On March 14th, the opening ceremony of Kaifa Technology (Philippines) Inc. was successfully held. This is the third subsidiary of Kaifa established in the overseas factory business layout since the two manufacturing bases in Thailand and Malaysia were put into production.The company’s president, Mr. Cheng welcomed the leaders of the Philippine government departments, related organizations and corporate customer representatives who attended the ceremony. He expressed his gratitude to the employees who had been preparing for the opening and production of the Philippine company, and wished the new company to start business and make great achievements. The vice president, Mr. Chen wrote congratulatory words for the Philippine companies and congratulated the new company for its booming business and prosperity. Justo Porfirio LI. Yousingco, Deputy Director of Finance and Administration of the Philippine Economic Zone Authority (PEZA), said that thank Kaifa for choosing Philippines as a production base, the government departments will provide strong support and services for the development of the company. After the ribbon-cutting ceremony, leaders of the company, Philippine government departments, agency leaders and customer representatives visited the Philippine company's production workshop to understand the layout of the company's production lines, processes and production capacity. In order to build a bridge between the Philippine company and the Chinese Embassy and Consulates in the Philippines, to provide safe and stable production and business activities, Mr. Wu Hongbin and Mr. Sheng Long visited the Consular Section of the Chinese Embassy and the Commercial Section in Manila to communicate, which reached consensus.Kaifa Technology (Philippines) Inc. was registered and established in August 2017 through the PEZA with an investment of approximately 24.5 million RMB. The factory covers an area of 4,371 square meters. The planned production capacity is 2 SMT lines. One of the main businesses is the PCBA of projectors and is expected to expand other businesses in the Philippines. Kaifa invests and builds factories in the Philippines. On the one hand, it is easy to better provide customers with high-quality products and services, develop global business area, and optimize the company's international industrial layout. On the other hand, the rich natural resources, good labor resources, and preferential government policies of the Philippines provide businesses with an economical and international development environment.(Management Office)