Shenghong Technology announced on the evening of May 24 that the company plans to invest in the construction of a high-precision printed circuit board project in Vietnam through its wholly-owned subsidiary Singaporean Shenghong to produce high-multi-layer printed circuit boards and HDI. The planned investment amount will not exceed US$260 million, including but not limited to matters relating to the establishment of a new company, the purchase of land, new plants and engineering construction, and the purchase of production equipment and supporting facilities. The company will implement the construction of a Vietnamese production base in stages according to specific conditions such as market demand and business progress.