SOLEX(SH:603992) Shang Hai Zheng Quan Bao·2025-10-17 19:29Core Viewpoint - The company plans to invest an additional $30 million in its wholly-owned subsidiary in Vietnam to meet future production and operational needs based on market demand [2][4]. Group 1: Investment Overview - The investment target is Xiamen Songlin Technology (Vietnam) Co., Ltd., which was established in February 2024 [4]. - The investment amount is $30 million, which will be allocated in phases according to project progress [4]. - The board of directors approved the investment on October 17, 2025, and it does not require shareholder meeting approval [2][5]. Group 2: Approval and Regulatory Aspects - The investment is subject to approval or filing with relevant domestic authorities, including the Ministry of Commerce and the Development and Reform Commission [5][12]. - The company has completed the necessary internal approval processes, and the total external investment in the last 12 months amounts to 440 million RMB [5]. Group 3: Investment Target Information - The investment target, Vietnam Songlin, is a wholly-owned subsidiary engaged in the import, export, manufacturing, and sales of kitchen and health products [7]. - The capital contribution will be made in cash, sourced from the company's own or self-raised funds [10]. Group 4: Impact of Investment - The company's financial condition is stable, and the investment will not significantly impact its financial status or cash flow [11]. - Long-term, the investment aligns with the company's global strategic planning and operational development needs, enhancing profitability and international competitiveness [11].