Folangsi Co. Ltd. (China)

The company was incorporated from People's Republic of China (“PRC”) by 5 December 2007. The company mainly engaged in the provision of intralogistics equipment subscription services (including leases of equipment), provision of maintenance and repair services and sales of intralogistics equipment and parts. The listing date expected to be on November 10, 2023. The company revenue are generated from Intralogistics equipment, Maintenance and repair services and Sales of intralogistics equipment and parts.
The company milestones :
2007 - The Company was incorporated and established distribution
channels for intralogistics equipment, and began the sales model of
intralogistics equipment
2008 - Promoted the digitalization research of components of intralogistics
equipment, and began the digital application mode of intralogistics
equipment parts
2013 - Focused on promoting the construction of nationwide service outlets
and established intralogistics equipment service model for end users
across the country. Introduced Eastern Bell II as Pre-IPO Investor
2015 - Innovatively used the IoT and the new generation of information
technology to commence intralogistics equipment subscription
business and created a full lifecycle solution model for intralogistics
equipment
2016 - Introduced Dachen Chuanglian as Pre-IPO Investor. Upgraded smart asset management system. Qualified as “high and new technology enterprises” by the Department of Science and Technology of Guangdong Province, the Guangdong Provincial Department of Finance and the relevant tax authorities
2017 - The number of intralogistics equipment under management exceeded 10,000
2020 - Launched wearable devices with multidimensional sensors to support in realizing the visualization of services and promote the upgrading of service model
2022 - First nationwide supply chain base, headquartered in Hefei, was established and officially launched
2023 - The number of intralogistics equipment under management exceeded 40,000