Tengya Precision: Plans to invest no more than 8 million US dollars to build a production base in Vietnam.

Tengya Precision Engineering announced that the company has agreed to use its own funds or self-raised funds to establish a wholly-owned subsidiary in Vietnam through its Singapore subsidiary TOUA TECHNOLOGY PTE LTD, to invest in the construction of a production base in Vietnam, with a total investment not exceeding $8 million, including the establishment and operation of overseas companies, construction of factory buildings, equipment procurement, and working capital. The company has signed a "Deposit Contract" with V.P.S COMPANY LIMITED, intending to lease factory buildings and office buildings located in Quang Ninh Province, Vietnam, with a total area of 12,897.02 square meters. The lease term is five years, the monthly rent is $63,840.15, and the deposit is $383,000.