Following the signing of an overseas IPO cooperation agreement between Jiangsu Fengquan and Zhongsu Capital at the end of 2022, Li Longde, Chairman of Jiangsu Fengquan, was invited to attend the Philippine Presidential Roundtable, negotiate project cooperation in the Philippines, and sign an electric vehicle cooperation project with an important partner in Indonesia. These achievements in expanding overseas markets have attracted the attention of Singapore's investment and financing industry.

On March 8, 2023, the Jiangsu Fengquan delegation led by Chairman Li Longde, together with Central Speed Capital, held a highly effective roadshow in Singapore.

This roadshow has connected with more than 20 investment institutions, including local securities firms, private equity funds, strategic investment institutions

The Fengquan delegation introduced the company's future business layout, product planning, etc., including the family office. Investment institutions expressed strong interest in the Jiangsu Fengquan IPO project. After this roadshow, Fengquan has become even more determined about the development opportunities of the global new energy commercial vehicle business in overseas markets, and Zhongsu Capital is full of confidence in the overseas IPO of Jiangsu Fengquan. Jiangsu Fengquan will work with Central Speed Capital to develop an overseas IPO listing schedule and specific action plan, and complete the overseas fundraising plan as soon as possible to successfully go public.