Xinyuan Intelligent Manufacturing: Xinyuan Agricultural Machinery plans to invest approximately 50 million yuan to establish a subsidiary in Vietnam.

Xinyuan Intelligent Manufacturing Announcement: The company's controlling subsidiary Xinyuan Agricultural Machinery plans to establish a new subsidiary in Vietnam to build the agricultural machinery production base. The total investment for the first phase is approximately 6.9444 million US dollars, mainly for factory construction, equipment procurement, working capital, and other related investments. The project construction period is expected to be completed and put into operation in early 2026. This investment aims to solve the issue of industry competition, quickly establish the production and manufacturing of agricultural machinery series products, expand channels to large customers, and lay the foundation for the company's overseas business scale.