XIANGPIAOPIAO(SH:603711) Cai Jing Wang·2025-12-23 10:41Core Viewpoint - The company plans to establish wholly-owned subsidiaries in Singapore and Thailand to invest in a liquid ready-to-drink beverage production base in Thailand, with a total investment of $38 million (approximately 268 million RMB) [1] Group 1: Company Expansion - The company’s wholly-owned subsidiary, Xiangpiaopiao Sichuan Food Co., Ltd., intends to set up a wholly-owned subsidiary in Singapore named SENPURE FOOD (INTERNATIONAL) PTE. LTD. [1] - The company also plans to establish a subsidiary in Thailand named YONG MI GUO FOODS (THAILAND) CO., LTD. [1] Group 2: Investment Details - The total investment for the project is $38 million, which will be used for establishing and operating overseas companies, purchasing land, constructing factories, and procuring equipment [1] - The actual investment amount will be subject to approval by local authorities in China, Thailand, and Singapore [1]