Songlin Technology announced that based on the market needs of downstream overseas customers, the company plans to invest an additional 97 million US dollars in its wholly-owned subsidiary Songlin Technology Co., Ltd. to meet future business needs. The matter has been reviewed by the second meeting of the fourth board of directors of the company, and there is no need to submit it to the shareholders' meeting for consideration. The investment is still subject to approval or filing by relevant departments in China and Vietnam, and there is uncertainty. After the capital increase, the company still holds 100% of its shares. Currently, the company's financial situation is stable, and this investment will not have a significant impact on it. In the long run, it is beneficial to enhance international competitiveness.

Songlin Technology announced that based on the market needs of downstream overseas customers, the company plans to invest an additional 97 million US dollars in its wholly-owned subsidiary Songlin Technology Co., Ltd. to meet future business needs. The matter has been reviewed by the second meeting of the fourth board of directors of the company, and there is no need to submit it to the shareholders' meeting for consideration. The investment is still subject to approval or filing by relevant departments in China and Vietnam, and there is uncertainty. After the capital increase, the company still holds 100% of its shares. Currently, the company's financial situation is stable, and this investment will not have a significant impact on it. In the long run, it is beneficial to enhance international competitiveness.