Investment Overview - Zhejiang Yongqiang Group Co., Ltd. has approved an additional investment of up to 100 million USD in its wholly-owned subsidiary, Yongqiang (Hong Kong) Co., Ltd. This decision was made during the 24th meeting of the 6th Board of Directors held on April 18, 2025 [1] - The company has authorized Yongqiang (Hong Kong) to increase investments in its subsidiaries or make other external investments based on operational needs [1] Subsidiary Investment Details - Yongqiang (Hong Kong) and its wholly-owned subsidiary, JJD INVEST PTE. LTD. (Singapore Yongqiang), established a joint venture in Thailand named JJD Metal Furniture (Thailand) Co., Ltd. in February 2025. Hong Kong Yongqiang holds a 10% stake, while Singapore Yongqiang holds 90% [2] - The registered capital of the Thai subsidiary has been increased from 500,000 THB to 252 million THB to meet operational funding needs [2] Purpose and Impact of Investment - The capital increase in the Thai subsidiary is aligned with the company's strategic layout and the operational funding requirements of the Thailand project. The investment will not adversely affect the financial and operational status of the company or its subsidiaries [3] - The company acknowledges potential uncertainties in the operational environment of the Thai subsidiary due to differences in legal, policy, and cultural contexts compared to domestic operations. It will continue to monitor the investment progress and market trends to manage risks effectively [3]