Hua Fong (2109) held its shareholders' meeting on the 13th, re-electing 11 directors, with chairman Shen Guorong continuing in his role. Shen remarked that Hua Fong's major Japanese shareholder, Sumitomo Rubber, is performing well in the U.S. market and has pledged support in technology and customer relations.

Hua Fong is currently in talks with U.S. clients, and if agreements on product pricing and quantity are reached, they are considering renting land to set up factories in Buffalo, New York, and New Mexico.

The shareholders' meeting successfully re-elected 11 directors, including three independent directors. Shen noted that Hua Fong intends to produce bicycle tires, motorcycle tires, and golf cart tires in the U.S. to supply local clients and mitigate the impact of tariffs imposed by the Trump administration.

Hua Fong is evaluating locations for the factories, focusing on Buffalo and New Mexico, both located in the automotive corridor of the U.S., enabling industry clustering. Shen also revealed that Hua Fong is actively developing electric vehicle tires suitable for Gogoro and collaborating with Kymco for enhanced electric vehicle tire solutions.