Dingtong Technology (688668.SH) plans to increase its investment in its subsidiary in Vietnam by 10 million US dollars.

Zhitong Finance and Economics APP news, Dingtong Technology (688668.SH) announced that the board of directors of the company previously approved the "Proposal for the Establishment of a Wholly Owned Subsidiary in Vietnam for Foreign Investment", intending to invest up to 15 million US dollars in establishing a wholly owned subsidiary in Vietnam. Due to the need for the previous construction of the factory, purchase of machinery and equipment, and business development of the Vietnamese subsidiary, the board of directors and the supervisory board of the company approved the "Proposal for Additional Investment in the Wholly Owned Subsidiary in Vietnam", agreeing to increase the capital of DINGTONG TECHNOLOGY (VIETNAMESE) SDN. BHD. by using its own funds. This time, the total increase in capital is 10 million US dollars (planned to be invested in batches according to the progress of the project).