Vibrant Intelligent: Plans to invest no more than $20.5 million to build a production base in Vietnam.

Fenbang Intelligent's announcement: The company's Vietnam subsidiary plans to lease land use rights through public means, build production and operation facilities, and implement the expansion project of the production base. The investment amount does not exceed 20.5 million US dollars, with funds coming from the company's own funds and self-raised funds. The project construction contents include leasing land use rights, building factories, and purchasing machinery and equipment. This investment aims to optimize the global strategic layout, expand overseas markets, and enhance international competitiveness. At the same time, by building production bases, it will alleviate production capacity bottlenecks and provide reliable guarantees for sustainable business development. However, no formal land use rights leasing agreement has been signed yet, so there are uncertainties and risks.