Ningbo Xinyuan ZM Technology Co., Ltd. (hereinafter referred to as "Xinyuan ZM" or "the Company") held the 19th meeting of the third board of directors on March 31, 2026, where it approved the proposal to increase the investment quota for its wholly-owned subsidiary abroad. The specific details are announced as follows:
- Overview of the Investment Quota Increase The Company held the 11th meeting of the second board of directors on October 25, 2023, where it approved the proposal to establish wholly-owned subsidiaries and sub-subsidiaries abroad, agreeing to invest no more than 100 million RMB (or equivalent in USD) in Thailand to build a production base. For more details, please refer to the announcement disclosed on October 27, 2023, on the Giant Tide Information Network (www.cninfo.com.cn) (Announcement No.: 2023-033).