Tai Jia Group: Terminates Investment in Vietnam Project

date
24/04/2026
Taijia Co., Ltd. Announcement: The company held a board meeting on April 24, 2026, and approved the termination of the investment in the Vietnam project. The original plan was to establish Vietnam Huijia Precision Co., Ltd. in Vietnam through a Hong Kong SPV set up by the wholly-owned subsidiary Hong Kong Taijia. As of now, the Vietnam company has not been established, and the project has stalled. The company has decided to terminate the investment to integrate resources, optimize allocation, and reduce risks. This decision does not require approval by the shareholders' meeting and will not have a significant adverse impact on the company's finances and operations.