Kunshan Huguang Auto Harness (605333.SH) plans to invest in setting up a foreign subsidiary and building an automobile wiring harness production base in Tunisia.

Kunshan Huguang Auto Harness (605333.SH) announced that, according to the company's overall strategic plan, in order to further improve the company's global strategic layout, rapidly promote the development of overseas business, and promptly respond to customer needs, the company's wholly-owned subsidiary Shanghai Guang Hong Kong plans to invest in setting up a wholly-owned subsidiary HUGUANG INTERNATIONAL PTE.LTD. in Singapore (referred to as "Singapore subsidiary"), and the Singapore subsidiary and Shanghai Guang Hong Kong respectively will invest 99% and 1% to establish Huguang Auto Harness Tunisia SARL (referred to as "Tunisia subsidiary") in Tunisia, with the ultimate goal of investing in and building an automotive wiring harness production base in Tunisia. The company will achieve 100% control of the Tunisia subsidiary through Shanghai Guang Hong Kong subsidiary and Singapore subsidiary. The total investment amount of this overseas investment project does not exceed 37.5 million euros, all of which come from the company's domestic own funds. The investment will mainly be used for the establishment and operation of overseas companies, purchase of land, construction of factories, equipment procurement, working capital, and other related matters. The actual investment amount will be subject to approval from the competent authorities in China, Singapore, and Tunisia.