SOLEX(SH:603992) Sou Hu Cai Jing·2025-10-17 14:53Core Viewpoint - Songlin Technology (603992) plans to invest an additional $30 million in its wholly-owned subsidiary, Songlin Technology (Vietnam) Co., Ltd., to meet production and operational needs [1] Group 1: Company Financials - As of October 17, 2025, Songlin Technology's stock closed at 27.29 yuan, down 3.16% from the previous trading day, with a total market capitalization of 11.814 billion yuan [1] - The stock opened at 28.01 yuan, reached a high of 28.15 yuan, and a low of 27.19 yuan, with a trading volume of 40.7206 million yuan and a turnover rate of 0.35% [1] Group 2: Investment Details - The investment was approved during the 24th meeting of the third board of directors on October 17, 2025, and does not constitute a related party transaction or a major asset restructuring [1] - The funding will come from the company's own or self-raised funds, and the investment will be made in cash [1] - Songlin Technology (Vietnam) was established on February 6, 2024, with a registered capital of $39 million, focusing on the manufacturing, sales, and import-export of kitchen and bathroom health and beauty products [1] Group 3: Subsidiary Financials - As of June 30, 2025, Songlin Technology (Vietnam) reported total assets of 399.4556 million yuan and owner’s equity of 269.1823 million yuan [1] - After this investment, the company will still hold 100% equity in Songlin Technology (Vietnam) [1] - The investment is subject to approval or filing with domestic business, development and reform, foreign exchange management departments, and local authorities in Vietnam [1]