Arrangements for strategic, technical, manufacturing, or marketing tie up

Indo Farm Equipment Limited has received a Technology Transfer Certificate from Sichuan Hongsheng Heavy Machinery Co., Ltd, China, allowing for the complete transfer of design drawings necessary to manufacture Tower Cranes.

The transfer involves detailed technical documentation, including assembly processes, electrical and hydraulic schematics, and quality assurance documents.

Indo Farm will also pay a lump sum to Beida Commercial and Trade Company for the technology and training.

This acquisition positions Indo Farm to quickly enter the construction machinery market while significantly reducing R&D costs and time.

It also enables the company to develop in-house technical capabilities for tower crane manufacturing and servicing, enhancing its competitive stance in the industry.

Investors should view this as a positive outlook for growth and operational efficiency.