Gelonghui, May 23 | Zhaomin Technology (301000.SZ) announced that as a leading domestic enterprise in the precision injection molding parts and precision mold industry, the company plans to focus on the main business and supply chain stability needs, focus on the main business and further improve the supply capacity of the company's products in the global automotive parts, home appliance parts, robot parts and other markets to enhance the company's market competitiveness. The scope of this overseas investment is mainly investment projects aimed at Mexico. The implementation method is for the company to acquire enterprises in the same industry through newly established overseas wholly-owned subsidiaries.

The total investment amount is no more than 10 million US dollars or equivalent currency. The company will implement this overseas investment project in stages according to specific conditions such as market demand and business progress. Among them, the company or its overseas wholly-owned subsidiary plans to increase the capital of HAJIMEPRECISIONPLASTPRODUCTDEMEXICO (“target company”) with no more than RMB 50 million or equivalent Mexican pesos, and transfer 1 share of the target company's natural shareholder Civic 3 (English name: TAMIZOTAIRA), to eventually obtain 70% of the target company's share voting rights and dividend rights; after the above capital increase and transfer of shares are completed, the company or its overseas wholly-owned subsidiary plans to increase capital according to the target company's business situation, Through shareholder loans, capital is gradually provided to the target company for the expansion of the target company's operations. Subsequent companies or their overseas wholly-owned subsidiaries can convert these shareholder loans into the next phase of capital increases for the target company according to the target company's business development and profit situation.