Zhibang Home (603801.SH) plans to increase capital to its subsidiary by 200 million yuan and invest in an intelligent manufacturing base project in Thailand

Zhitong Finance App News, Zhibang Home (603801.SH) announced that the company plans to increase the capital of its wholly-owned subsidiary Singapore Zhibang by 200 million yuan (or equivalent in foreign currency) with its own capital and self-raised capital. Singapore Zhibang plans to increase the capital of its wholly-owned subsidiary Thai Deshi by no more than 200 million yuan and use it to invest in the construction of a new intelligent manufacturing base project in Thailand.

The project can independently build a customized flexible production line for custom homes, specifically adapt to overseas product specifications and local building standards, release independent overseas production capacity, support the large-scale expansion of its own brand ZBOM in overseas markets, and complete the upgrade from going overseas to the localized operation of the brand. By investing in the construction of this project in Thailand, the company can further enhance the supply capacity and service level of overseas markets, meet the development needs of overseas markets, enhance the competitiveness and service capabilities of overseas markets, and enhance its competitive position in the global customized home furnishing market.