Bichamp Cutting Technology announced that the company plans to use its own funds or raised funds to increase capital in its wholly-owned subsidiary, Bichamp New Materials Co., Ltd., with an investment amount not exceeding 0.1 billion yuan. After the capital increase, Hong Kong Bichamp will be used to establish a subsidiary in Thailand, invest in constructing a project base in Thailand, and carry out cutting and related Business, with an investment scale not exceeding 0.1 billion yuan. This capital increase and external investment aim to deepen the overseas layout, improve the Global supply chain, and enhance the company's global competitiveness.