Qijing Machinery (603677.SH) plans to jointly increase the capital of its subsidiary Qijing Industry by 720 million Thai baht.

Qijing Machinery (603677.SH) announced that, in order to meet the order demands of customers and further increase the production capacity of its subsidiary, Qijing Industrial (Thailand) Co., Ltd. (referred to as "Qijing Industrial"), the company, in accordance with the production capacity construction plans of the Industrial Machinery Division and the Electrical Machinery Division, jointly injected 720 million Thai baht (equivalent to 160 million RMB based on the exchange rate of 1:4.5, actual amount to be determined by the exchange rate at the time of payment) into Qijing Industrial with its wholly-owned subsidiaries, Boswell Precision Industry (Ningbo) Co., Ltd. (referred to as "Boswell") and Xixuan Information Technology (Shanghai) Co., Ltd. (referred to as "Xixuan Information") using its own funds.