Zhitong Financial App News, 002328.SZ issued an announcement that the company will implement the strategic planning and layout of overseas business according to customer needs and its own development plans, enhance and ensure the competitiveness of international sales of its products, and plan to set up a wholly-owned subsidiary in Hong Kong through self-owned and self-raised funds, while a Hong Kong subsidiary will invest and set up a wholly-owned subsidiary in Thailand. After its establishment, the Thai subsidiary will mainly be engaged in manufacturing business, covering auto parts, components of new energy storage products, data center equipment components and related products. The total outbound investment is about 150 million US dollars.

The company said that the purpose of the company's investment in setting up an overseas wholly-owned subsidiary is to meet the actual needs of the company to carry out international business, to meet the company's long-term strategic planning and layout, and to promote the development of the company's international business. Enhance the company's international competitiveness and service capacity. The establishment of a Hong Kong subsidiary can further improve the company's overseas operation organizational structure and build the company's overseas operation and management platform; through the establishment of a Thai subsidiary to develop superior resources in different regions, which is conducive to the development and promotion of follow-up projects, for the company to better serve and open up overseas markets.