On July 22, the land handover ceremony for Chervon Vietnam Campus 3 was successfully held at the BDIP Industrial Park in Ho Chi Minh City. Representatives from Chervon Group's senior management, the Chervon Vietnam management team, and Frasers Property—the developer of BDIP Industrial Park—gathered to witness this landmark moment in Chervon Vietnam's development journey.

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Since its site selection in 2019 and official production launch in April 2020, Chervon Vietnam has navigated through its initial stages and overcome multiple challenges, including the COVID, achieving steady growth. So far, Chervon Vietnam has made remarkable progress in production scale, product line expansion, and smart factory construction, laying a solid foundation for sustainable development.

Edwin Tan, Deputy Chief Executive Officer of Frasers Property, attended the ceremony and congratulated the project on its launch. In his speech, he highlighted the successful cooperation between the two parties and expressed anticipation for future joint efforts to develop more advanced industrial parks.

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Pan Longquan, Chairman and Chief Executive Officer of Chervon Group, stated in his address that the launch of Campus 3 marks a crucial step for Chervon Vietnam towards reaching new heights in global development. The construction of Campus 3 will further enhance Chervon's global market competitiveness, inject new vitality into its development, and create more job opportunities to contribute to Vietnam's economic growth.

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Chervon Group will continue to embrace its vision and mission of "Better Tools. Better World." -- providing superior products to users worldwide through continuous innovation, we are determined to become a global leader in power tools and outdoor power equipment in the lithium-ion, intelligent and digital era.