Xiucheng Stock: Intends to invest in and build a production line project in Thailand

Jinshi data news on November 13, Xiuqiang shares announced that the company plans to invest in the construction of production line projects in Thailand with its own funds and self-raised funds not exceeding 75 million yuan, and the actual investment amount is subject to the approval amount of the relevant competent authorities. The investment funds will be used for the establishment of subsidiaries, leasing of factories, purchase of fixed assets and other related matters. The company stated that this external investment is in line with the company's strategic planning, can better develop and respond to the needs of overseas customers, and is conducive to the company's more flexible response to macroeconomic Fluctuation, industrial policy adjustments, and potential adverse effects that may arise from changes in the international trade landscape.