Wuhu Token Sciences (300088.SZ) plans to establish a production base in Vietnam with an investment amount not exceeding 27 million US dollars.

Wuhu Token Sciences (300088.SZ) has announced plans to establish a wholly-owned subsidiary in Vietnam and build a production base in order to meet the diverse needs of overseas customers and the company's strategic development needs, strengthen communication and cooperation with the international market, and further enhance the company's overall competitive strength. The planned investment amount does not exceed $27 million USD, and the new entity in Vietnam will be named Wuhu Token Sciences (Vietnam) Limited Company (tentative name, subject to approval by the local business registration authority in Vietnam), focusing on consumer electronics and automotive electronic module products. The announcement states that Vietnam, as a rapidly developing emerging market economy, has a relatively good investment environment with clear advantages in terms of location, labor resources, and tax policies. In recent years, Vietnam has attracted a significant amount of capacity transfer in industries such as 3C and automotive electronics, leading to a thriving electronics industry with a continuously improving supporting industry chain and a growing electronics cluster. Upon completion of this project, the company's overseas production capacity for products will be significantly increased to meet the demands of overseas business expansion, better serve customers in Southeast Asia and the global market, enhance the company's competitiveness in the global market, optimize the company's global industrial layout, improve resource allocation efficiency, and increase the company's brand awareness and influence in the international market.