Chia Wei Electrical Machinery: Plans to invest up to $100 million in Thailand to build a new production base.

Chaowei Electromechanical Announcement: The company, based on business development and the need for overseas production base layout, agrees to use up to 100 million US dollars of its own funds and self-raised funds to invest in Thailand to establish a new production base, including establishing a new company, infrastructure projects, purchasing fixed assets, etc. This investment still needs to be filed or approved by the relevant authorities.