In August 2025, Mr. Li Zhongwei, Chairman of Shaanxi Shoulv Formwork Technology Co., Ltd., led a delegation to visit Masboh IBS Sdn. Bhd. ("Wangbao") in Malaysia, marking a significant milestone in the company's international expansion strategy. The visit laid a solid fundation for bilateral cooperation in high-strength steel formwork development and Southeast Asian market expansion.

During the visit, Mr. Li toured Masboh IBS's manufacturing facilities, construction sites, and product exhibitions, engaging in in-depth exchanges with local management on formwork technology innovation and industry trends. Both parties emphasized the importance of technical synergy in the formwork sector, agreeing to jointly develop high-strength steel formwork systems tailored to regional construction needs .

The collaboration will officially commence with the establishment of "Wangbao Shoulv Co., Ltd.," a joint venture dedicated to producing high-performance formwork solutions. Leveraging Shaanxi Shoulv's expertise in S315 MC grade high-strength steel technology and Masboh IBS's local market insights, the partnership aims to set new standards for durability and efficiency in concrete construction across Malaysia .

"Our strategic partnership with Masboh IBS exemplifies Shoulv's commitment to quality and innovation in global markets," stated Mr. Li. "Through integrity-based cooperation and shared development strategies, we are poised to tap into Southeast Asia's booming infrastructure sector, starting with Malaysia."

Masboh IBS representatives expressed enthusiasm about the collaboration: "The joint venture combines Shaanxi Shoulv's advanced formwork systems with our on-the-ground experience, creating win-win opportunities for both companies. We look forward to mutual growth through technological exchange."

This initiative not only strengthens Shaanxi Shoulv's overseas footprint but also injects sustained momentum into its foreign trade development. Industry analysts project that the high-strength steel formwork market in Southeast Asia will grow significantly, driven by urbanization and large-scale infrastructure projects. With this partnership, Shaanxi Shoulv is well-positioned to become a key player in the region's construction supply chain.

As Mr. Li concluded, "Wangbao Shoulv represents more than a business venture—it's a bridge connecting Chinese manufacturing excellence with Southeast Asian construction needs. We are committed to seeking common development through technical innovation and trustworthy cooperation."