Following the successful acquisition of 100% equity of POSCO’s Shunde factory in 2019, Wcan Group, six years later, completed the acquisition of another 100% equity stake in POSCO’s Suzhou plant (Suzhou POSCO Technology Co., Ltd.) in February 2025. This acquisition marks yet another milestone in Wcan Group’s development journey and lays a solid foundation for the Group’s industrial upgrading and international expansion.

Suzhou POSCO Technology Co., Ltd. specializes in the R&D, design, processing, and manufacturing of precision molds, motor stators, and iron cores. Equipped with world-class production facilities, technologies, tooling, and extensive know-how, the company’s products are widely used in multiple high-growth sectors including automotive, electronics, and telecommunications, providing robust support for various industries and shining brightly in the field of high-tech products.

For Wcan Group, this acquisition will bring comprehensive enhancements, expanding and extending the Group’s industrial chain. It also represents a crucial step in Wcan Group’s global strategic layout, opening up more development opportunities and unlimited possibilities for the Group’s future international journey.

Looking ahead, Wcan Group will remain steadfast in its business philosophy of “Integrity Leads to Long-Term Success, Mutual Benefit Creates Win-Win.” Taking this acquisition as a new starting point, the Group will continuously optimize its industrial structure and steadily enhance its core competitiveness. With Wcan Group’s dedicated management, Suzhou POSCO Technology Co., Ltd. is poised to shine even more brightly, and Wcan Group will surely ride the wave of globalization, forging ahead to write a more brilliant chapter in its business story.