The announcement stated that based on the company's business development needs and the implementation of overseas layout strategies, the company plans to use its own funds and self-raised funds of no more than RMB 75 million (or equivalent foreign currency) to invest and build production lines in Thailand. The actual investment amount will be subject to the approval of the relevant authorities. The investment funds will be used to establish subsidiaries, lease factories, purchase fixed assets and other related matters.
The announcement stated that in recent years, the macroeconomic environment outside China has been changeable and the international trade landscape has become increasingly complex. The company's overseas customers have generally paid attention to and strengthened the implementation of geo-regional risk dispersion strategies, and taken measures to reduce logistics and production capacity risks in the supply chain. The company's production capacity is currently concentrated in China. Investing in and building production lines in Thailand can better explore and respond to the needs of overseas customers, and help the company more flexibly respond to macro environment fluctuations, industrial policy adjustments and the possible impact of the international trade pattern on the company. Potential adverse effects, and can effectively improve the company's business scale, industry competitiveness and the company's overall risk resistance, in line with the company's strategic planning.
This foreign investment is in line with the company's strategic plan, can better explore and respond to the needs of overseas customers, and help the company more flexibly respond to the potential adverse impacts that macro environment fluctuations, industrial policy adjustments and the international trade pattern may have on the company. It can also effectively improve the company's business scale, industry competitiveness and the company's overall risk resistance, and has a positive impact on the company's development.
The funds for this foreign investment come from the company's own funds or self-raised funds and will not have a significant impact on the company's financial status and operating conditions. There will be no harm to the interests of the company and shareholders, especially minority shareholders, and it will have a positive impact on the development of the company's business.
Data shows that Xiuqiang is mainly engaged in the research and development, production and sales of glass deep-processed products based on printing, coating, multi-curved and other technologies. The company's main products include home appliance glass products, kitchen electric glass products, BIPV glass products, new energy vehicle charging pile glass products, etc.
In the field of photovoltaic, Xiuqiang Co., Ltd. mainly produces and sells glass products for BIPV modules, which are mainly used in office buildings, sports venues, museums, urban office buildings and other buildings. However, its BIPV business is still in the development stage.
