Zhitong Finance APP news, Jia Yi Co., Ltd. (301004.SZ) announces that the company plans to use its own funds to increase the capital of its wholly-owned subsidiary CAYI HOLDINGS PRIVATE LIMITED (referred to as 'Jia Yi Singapore') by 28 million USD. The funds raised will be entirely used to invest in the establishment of a wholly-owned subsidiary Jia Yi Drinking Water (Vietnam) Co., Ltd. (tentative name, final name subject to approval by the registration authority, referred to as 'Jia Yi Drinking Water (Vietnam)') and will be invested in Vietnam to build overseas capacity construction projects around the company's main business activities.

In recent years, driven by the rising costs of domestic production factors and the demand for industrial transformation and upgrading, combined with multiple factors such as the rise of international protectionism, in order to further enhance the resilience and flexibility of the supply chain and effectively meet the company's own business expansion needs, the company plans to increase capital for Jia Yi Singapore and establish a subsidiary in Vietnam. By further expanding the production base in Vietnam, it will effectively enhance the diversification of product origin, facilitate the company's reasonable layout of domestic and international production bases and production capacity, strengthen supply chain collaboration with overseas customers, ensure the stability of the company's main product export sales, improve the company's service capabilities, reduce the impact of fluctuations in the international economic environment and changes in trade friction on the company's operations, accelerate the achievement of the company's international business strategic goals, enhance the company's core competitiveness and overall profitability, and achieve the company's long-term sustainable development.