Zoy Home Furnishing (603709.SH) plans to invest $16 million to build a self-owned production base project in Vietnam.

Zoy Home Furnishing (603709.SH) announced that in order to cope with the uncertainties in the external environment, enhance the resilience and security level of the company's supply chain, and meet the expansion needs of the business, the company plans to invest $16 million in the construction of a self-built production base project in Vietnam. The total investment amount will be used for the capacity construction of the company's self-built production base project in Vietnam and necessary production and operation activities for business development, including but not limited to land purchase, construction of factory buildings and ancillary facilities, and purchase of machinery and equipment. The investment in the construction of the self-built production base project in Vietnam will help enhance the resilience and security level of the company's supply chain, support the expansion of the company's business, improve the company's market competitiveness, and promote the company's sustainable development.