Shanghai Beite Technology Group (603009.SH) plans to increase investment in its production base in Thailand by up to 550 million yuan.

Shanghai Beite Technology Group (603009.SH) announced in March 2025 that, according to the overall strategic plan, in order to better meet the needs of the company's emerging business development and to extend and expand the company's existing industrial chain, the company has decided to establish a production base in Thailand with its own funds. The investment amount for this project will not exceed 50 million US dollars, mainly used for setting up and operating overseas companies, purchasing land, constructing the first phase of the factory building, purchasing some equipment, and providing working capital. In order to continue expanding its business, responding to customer demands, and coordinating project construction, the company plans to increase the investment in the Thai production base by no more than 550 million RMB or the equivalent amount in foreign currency (the actual increased investment amount will be subject to approval from Chinese and local authorities). The investment funds will come from the company's own funds or bank loans. The increased investment amount will be used for operations of overseas subsidiaries, expansion of factory buildings, decoration and installation projects, purchasing production equipment, and providing working capital, among other related matters. The company will implement the construction of this project in stages based on market demand and business progress. This increase in foreign investment aligns with the company's strategic layout and business development needs. It is an important measure to extend and expand the company's existing industrial chain, conducive to further expanding international markets, improving the company's overseas business expansion capabilities and service levels, and better meeting the order demands of overseas customers.