ZhaoMin Technology: plans to carry out overseas investments with a total amount not exceeding 217 million yuan.

Zhao Min Technology Announcement: The company plans to focus on its main business and carry out overseas investment activities. The total investment amount for this investment shall not exceed 217 million yuan or an equivalent amount in foreign currency. The company plans to invest in the construction of a new automotive parts and high-end precision parts production base in Chumphon, Thailand through its wholly-owned subsidiary, in order to optimize the company's production capacity and global layout, and to meet the overseas localization supply chain demand of downstream customers in the fields of new energy vehicles and intelligent robots.