Zhejiang Yinlun Machinery (002126.SZ) plans to increase investment by 120 million yuan in Shanghai Yinlun and establish a wholly-owned subsidiary in Malaysia.

Zhejiang Yinlun Machinery (002126.SZ) announced that in order to expand into the ASEAN market and meet customers' global localized supply needs, the company plans to inject 120 million RMB from its own funds into Shanghai Yinlun Investment Co., Ltd. (referred to as "Shanghai Yinlun Investment") to mainly establish a wholly-owned subsidiary, Mewah Thermatek (M) Sdn. Bhd, in Malaysia. This investment is the first phase of the investment project and will be primarily used for the construction of Mewah Thermatek (M) Sdn. Bhd's production base, with approximately 90.5 million RMB in fixed asset investment and around 29.5 million RMB in working capital. The investment period is about 2 years, and based on existing customer forecasts, production is expected to start in 2027.