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Prayde: Plans to inject additional capital into its Thai subsidiary of no more than RMB 423 million

2026-07-26 07:40:18

Pryde Co., Ltd. (the “Company”) announced that the Company and its wholly owned subsidiaries plan to increase the capital of Pryde Electrical Appliances (Thailand) Co., Ltd. by no more than RMB 423 million in proportion to their current shareholdings, and to invest in and build a new production base in Thailand. The project will involve constructing new production plants and supporting facilities, as well as purchasing additional automated, digital production lines and information-related supporting equipment. After reaching full production capacity, it is expected to achieve an annual production capacity of 7 million electric tools.

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