CAIP(SH:603035) Zheng Quan Zhi Xing·2025-08-01 16:10Investment Overview - Jiangsu Changshu Automotive Trim Group Co., Ltd. plans to invest a total of €24 million to establish a wholly-owned subsidiary in Zaragoza, Spain, through its wholly-owned subsidiary CAIP Hong Kong Limited [1][3] - The new subsidiary, tentatively named Changshu Automotive Trim (Spain) Intelligent Cockpit Co., Ltd., will focus on the production, sales, and trade of automotive intelligent cockpits, components, molds, and automation equipment [1][4] Investment Structure - The investment structure involves a direct 100% ownership of the Spanish company by the Luxembourg subsidiary, which is fully owned by the Hong Kong subsidiary, ultimately controlled by the parent company [2][4] - The board of directors approved the investment proposal with a unanimous vote of 7 in favor, with no opposition or abstentions [2] Financial Impact - The newly established Spanish company will be included in the consolidated financial statements of the listed company, and the investment does not constitute a related party transaction or a major asset restructuring as per regulatory definitions [2][4] Strategic Importance - This investment aligns with the company's strategic planning and overseas business development needs, aiming to enhance service to international clients and expand market presence in Europe [4][5] - The establishment of the Spanish subsidiary is expected to improve the company's overall competitiveness in the European market [4] Risk Considerations - The investment is subject to overseas investment filing, and there are uncertainties regarding approval from relevant authorities and the time required for completion [3][4] - The company acknowledges potential risks associated with international operations, including legal, regulatory, and market competition factors [3][4]