Jiangsu Pacific Precision Forging (300258.SZ) plans to increase capital by 250 million yuan in a Thai company to expand the production capacity of new energy automobiles and engineering machinery gear shafts.

Jiangsu Pacific Precision Forging (300258.SZ) has announced that, in consideration of the global market competitive landscape and the trend of supply chain restructuring, the company plans to optimize the allocation of resources for the industrialization of new energy electric drive transmission components for new energy vehicles and engineering machinery gear projects, in response to the increased demand from European and American customers. Based on market demand predictions from clients, Jiangsu Pacific Precision Forging plans to further expand the production capacity of The Pacific Jiangsu Pacific Precision Forging (Thailand) Co., Ltd. (hereinafter referred to as "Thailand Company"). Taking into account relevant factors and the additional working capital required for the expansion of production capacity, Jiangsu Pacific Precision Forging intends to increase its investment in Thailand Company by 250 million yuan, with 1% directly invested by Jiangsu Pacific Precision Forging and 99% invested by its wholly-owned subsidiary PPF INDUSTRIAL PTE. LTD. (hereinafter referred to as "Singapore Company").