GRG Banking and Vishay Group-Two Global Industry Leaders Visit Hongzhou Group to Deepen Supply Chain Cooperation

Release Date: October 16, 2026

On October 16, 2026, Hongzhou Group welcomed two important delegations. The visiting guests included the Group Vice President, Vice Dean of GRG Research Institute and Project Director from GRG Banking Equipment Co., Ltd. (SZSE:002152), as well as the Procurement Director of Vishay Intertechnology, Inc. (Vishay Group, NYSE: VSH).

The visitors toured Hongzhou’s manufacturing facilities, including the PCBA electronics workshop, wiring harness factory, sheet metal factory and self-service kiosk assembly workshop. They reviewed the full manufacturing workflow, quality control system, production capacity and supply chain assurance.

Based on years of proven high product quality, responsive after-sales service and competitive pricing, both companies intend to transfer more purchase orders to Hongzhou Group and scale up long-term business cooperation.

About GRG Banking Equipment Co., Ltd.

GRG Banking (002152.SZ) is a state-controlled high-tech listed company on the Shenzhen Stock Exchange and a leading domestic manufacturer of financial self-service equipment. Founded in 1999, GRG Banking develops ATM, cash recycling machines, government & transport self-service terminals and AI industry solutions. As a core member of the CEN/XFS standard organization, GRG Banking supplies intelligent terminal products to more than 100 countries worldwide, with strong R&D capabilities in fintech, smart government and smart transportation.

About Vishay Intertechnology, Inc. (Vishay Group)

Vishay (NYSE: VSH) is a Fortune 1000 listed enterprise on New York Stock Exchange. It ranks among the world’s largest manufacturers of discrete semiconductors and passive electronic components, including diodes, MOSFETs, optoelectronics, resistors, capacitors and inductors. Its components serve automotive, industrial, medical, telecom, aerospace and consumer electronics industries across the globe.

About Hongzhou Group 

Hongzhou Group,we own a vertically integrated supply chain with in-house PCBA production, wiring harness workshop, sheet metal fabrication and kiosk final assembly lines. Hongzhou delivers one-stop solutions for self-service terminal hardware, structural parts, circuit boards, harnesses and full machine integration, supplying kiosks for banking, retail, government, hospitality, currency exchange and document printing applications for global clients.

During the site visit, all parties held in-depth technical and commercial discussions covering manufacturing processes, quality specifications, lead time, cost optimization and joint development of new projects. Hongzhou Group will continue to serve global enterprise clients with stable quality, professional technical support and cost-effective solutions, expanding self-service terminal and electronic manufacturing business worldwide.

Media Contact: Human Resources Department, Hongzhou Group Email: hr@hongzhousmart.com