The Board of Directors of Ken Holding Co., Ltd. announced that its wholly-owned subsidiary Zhejiang Ruiqi has agreed to increase the capital of its wholly-owned subsidiary Thai Ruiqi by no more than $20 million with its own funds or self-raised funds, for the purpose of land purchase, fixed asset construction and so on. After the capital increase is completed, Thai Ruiqi's registered capital will increase from 2 million baht to 300 million baht. The company will implement the construction of the Thai production base in phases according to market demand and business progress. The board of directors authorized the management to be responsible for the specific organization and implementation.
锐奇股份：对泰国全资子公司增资不超过2000万美元
Ken Holding Co., Ltd.: increasing the capital of its wholly-owned subsidiary in Thailand by no more than $20 million.
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