Guangdong Hongtu: plans to invest no more than 95 million RMB in Thailand to establish a subsidiary and build a new production base.

Guangdong Hongtu Announcement: In order to further expand overseas markets, the company plans to invest in establishing a subsidiary company, HongTu Automotive Products Co., Ltd., in Thailand, with four-wheel Naruyu holding 99% of the shares and Hong Kong Hongtu holding 1% of the shares. The subsidiary will engage in the production and sale of products related to the company's automotive parts business. The total investment amount for this project shall not exceed RMB 95 million, with Thailand Hongtu as the implementing entity, establishing a new production base in Thailand by leasing factory buildings and investing in production equipment, to undertake the company's export business in the interior and exterior panels sectors.