Zhejiang Langdi Group (603726.SH) plans to invest no more than 110 million yuan to build a production base in Thailand.

Zhejiang Langdi Group (603726.SH) has announced that in order to better adapt to market changes and enhance the company's international competitiveness, the company plans to invest in building a new production base in Thailand. The planned investment amount for this project is not more than 110 million yuan, including but not limited to the purchase of land, construction of fixed assets, and other related matters. The actual investment amount will be subject to approval from the Chinese and local authorities. The company will implement the construction of the Thai production base in stages based on market demand and business progress. This investment in building a production base in Thailand is a significant move for the company's overseas strategic layout. It will help the company reduce operating costs, expand into overseas markets, establish overseas product supply capabilities, and better meet the order demands of international customers.