CAIP(SH:603035) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-01 23:14Core Viewpoint - Jiangsu Changshu Automotive Trim Group Co., Ltd. plans to invest €24 million in establishing a wholly-owned subsidiary, "Changshu Automotive Trim (Spain) Intelligent Cockpit Co., Ltd." in Zaragoza, Spain, to enhance its overseas business and competitiveness in the European market [2][3][8]. Group 1: Overview of the Investment - The investment will be made through the company's wholly-owned subsidiary "Changshu Automotive Trim (Hong Kong) Limited" and its wholly-owned subsidiary "Changshu Automotive Trim (Luxembourg) S.ar.l" [3][4]. - The investment amount is €24 million, funded by the company's own resources [5][6]. - The new subsidiary will focus on the production, sales, and trade of automotive intelligent cockpits, components, molds, and automation equipment [6][8]. Group 2: Corporate Governance and Approval - The investment proposal was approved unanimously by the board of directors during the meeting held on August 1, 2025, with a vote of 7 in favor and none against [4][20]. - The investment does not constitute a related party transaction or a major asset restructuring as defined by relevant regulations [4][8]. Group 3: Impact on the Company - The establishment of the Spanish subsidiary aligns with the company's strategic planning and aims to better serve international clients while expanding its overseas market presence [8]. - The new subsidiary will be included in the consolidated financial statements of the listed company, and there will be no new related party transactions or competition issues arising from this investment [8].