Glonghui (301268.SZ) announced on December 18丨Minglida (301268.SZ) announced that in order to actively explore overseas markets and achieve the company's high-quality, large-scale and international development, the company plans to increase the capital of its wholly-owned subsidiary Hong Kong Minglida Technology Co., Ltd. (“Hong Kong Minglida”) by US$90 million (equivalent to RMB 643.707 million, based on recent exchange rates), and the company and Hong Kong Minglida each invest US$10 million (equivalent to RMB 71,523 million, based on recent exchange rates) and $90 million in Mexico, of which The registered capital is 1.01 million pesos (equivalent to RMB 412,900, based on recent exchange rates), and is investing in the construction of an aluminum alloy extrusion production base project in Mexico to produce aluminum extrusion profiles, die-cast and plastic structural parts products for the photovoltaic energy storage and new energy vehicle industries, and to carry out processing of profiles and die-cast structural parts.

The content of the project is to build a new plant in the MARABIS Industrial Park in Irapuato, Guanajuato, Mexico. It is planned to purchase about 200 acres of land with a total construction area of about 100,000 square meters, build a plant, purchase machinery and equipment to produce aluminum extrusion profiles, die-cast and plastic structural parts products for the photovoltaic energy storage and new energy vehicle industry, and carry out processing of profiles and die-cast structural parts. The total amount of foreign investment this time is no more than 100 million US dollars (a total of RMB 712.53 million, based on recent exchange rates).