Summary:Pengding HoldingsIt is proposed to further expand the production capacity of the module assembly production line in India, increasing the cumulative investment amount to RMB 450 million or equivalent in additional dollars (including daily operating capital). The company will complete the aforementioned investment by RMB 350 million or equivalent in additional currency through the Singaporean subsidiary Avary Technology (India) Private Limited.

Easy Release May 27 - Pengding Holdings (002938) announced in the evening that the company plans to further expand the production capacity of the module assembly line in India and increase the cumulative investment amount to RMB 450 million or the equivalent in additional dollars (including daily working capital). The company will increase capital to the Indian subsidiary Avary Technology (India) Private Limited by RMB 350 million or the like to complete the aforementioned investment through its Singaporean subsidiary.

Pengding Holdings said that the increase in the investment amount of its Indian subsidiary this time is mainly due to increasing the company's international layout and seizing the opportunities and needs of the Indian market.