ZTT(SH:600522) Zheng Quan Zhi Xing·2025-08-12 08:08Investment Overview - The company plans to invest $80 million (approximately 574 million RMB) in ECO MARINER COMPANY in Saudi Arabia to enhance its global strategy and local market competitiveness [1][2] - The investment will be made through its wholly-owned subsidiary in Hong Kong, which will invest in a wholly-owned subsidiary in Singapore, which in turn will establish the Saudi company [2] Corporate Structure - After the investment, the Singapore company will hold 100% equity in the Saudi company, making the company the ultimate shareholder [2] - The investment does not require shareholder approval as it falls within the board's decision-making authority [2] Business Operations - The Saudi company will focus on the production and sales of submarine cables, OPGW, land cables, and provide operational services for submarine cables [3] - Management and personnel will be appointed according to local regulations [3] Strategic Impact - The investment aligns with Saudi Arabia's Vision 2030, which aims for comprehensive transformation in technology and infrastructure [4] - The company aims to leverage local production and service capabilities to meet the new energy infrastructure demands in the region, enhancing its strategic value in the global energy transition [4] Financial Implications - The investment will be funded entirely by the company's own resources, ensuring no adverse impact on its main business, cash flow, or asset status [4]