Anda Intelligent: Plans to increase capital of its subsidiary by 382 million yuan and establish a subsidiary in Vietnam.

Anda Intelligent announced that the company plans to inject no more than $55 million into its wholly-owned subsidiary, Anda Hong Kong, for the establishment of a subsidiary, Anda Holdings, in Vietnam, and will subsequently explore opportunities to build its own production base. The funds will be sourced from internal funds and bank loans. After the investment is completed, the company will hold 100% of the shares of Anda Hong Kong, which will in turn hold 100% of the shares of Anda Holdings. This matter has been approved by the board of directors and does not require shareholder approval, nor does it constitute a related party transaction or a major asset restructuring. However, the investment faces risks such as macroeconomic environment, approvals, and exchange rate fluctuations.