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Tenda Technology: Plans to invest in Thailand to establish a subsidiary and invest no more than 200 million RMB to build a production base
Tengda Technology Announcement: Its wholly-owned subsidiary, Hong Kong Tengda International Holdings Limited, plans to use its own funds totaling RMB 200 million to set up wholly-owned subsidiaries as pathway companies—Singapore Tengtai Holdings Limited and Hong Kong Tengtai Holdings Limited—in Singapore and Hong Kong, respectively. Through these entities, it will establish in Thailand Tengda Technology(Thailand)Co., Ltd., and ultimately invest in and build a manufacturing base in Thailand to implement the “Annual Production of 23.10 million Mechanical Parts Production Project.”