Core Viewpoint - The company, Pangu Intelligent (301456.SZ), plans to invest 110 million RMB in its Thai subsidiary to support the construction of a production base and enhance infrastructure, thereby deepening its overseas business strategy [1] Investment Details - The investment will be made through subsidiaries established in the British Virgin Islands, Hong Kong, and Singapore, maintaining the existing equity structure [1] - After this investment, the total investment in the Thai subsidiary will not exceed 160 million RMB, with funds allocated gradually based on the construction progress [1] - The board of directors has authorized the management to determine the pace of fund injection and handle related overseas investment procedures [1]

Group 1: Company Overview - The company has a significant global presence, operating in over 70 countries and regions, with overseas business revenue accounting for 45.20% in 2024 [4] - The Middle East is a key strategic market, with a comprehensive business chain established, including high-end equipment manufacturing and oil and gas engineering services [4] Group 2: Recent Achievements - The company has secured major contracts, including a $920 million digital transformation project for ADNOC in the UAE and a $316 million gas booster station project for Bahrain National Oil [4] - The company's brand recognition has been steadily increasing due to successful project completions and market penetration [4] Group 3: Localization and Capacity Building - The company is enhancing its local capabilities in overseas markets, including the establishment of a new production and office base in Dubai to improve delivery and after-sales service [5] - In North America, the company has expanded its production capacity and local workforce since establishing its U.S. subsidiary in 2008, ensuring robust support for equipment delivery and after-sales service [5] Group 4: Strategic Response to Market Conditions - The company is actively addressing the impacts of U.S.-China tariff policies by continuing to execute its internationalization strategy, focusing on markets in the Middle East, Central Asia, and Asia-Pacific [6]