On April 1, 2025, Thailand's Board of Investment (BOI) approved 11 new investment projects, including a significant PCB manufacturing initiative by A-Share listed company Aohong Electronics (SHA: 605058). The project, located in the Prachinburi Industrial Park in Thailand's Chachoengsao Province, will be implemented by AOHONG ELECTRONICS (THAILAND) COMPANY LIMITED.

The groundbreaking ceremony for the project took place on March 16, 2025, marking the beginning of construction on a 128-acre site. With an estimated total investment of approximately 596 million yuan (about $82 million USD), the project is expected to be completed within 24 months, with initial mass production anticipated in 2026. Upon reaching full production capacity, the facility will be capable of producing 1.2 million square meters annually of double-sided and multi-layer PCBs.

AOHONG ELECTRONICS (THAILAND) was established in July 2023 with a registered capital of 800 million Thai Baht (approximately $23 million USD). The company focuses on the manufacturing and sales of PCBs, as well as acting as an agent for the import and export of PCB-related products.

In addition to its overseas expansion, Aohong Electronics is also investing in a high-end PCB custom manufacturing base in Changzhou, China. On March 17, the company announced that its wholly owned subsidiary, Changzhou Aohong Electronics Co., Ltd., plans to invest approximately 330 million yuan ($47.5 million USD) into the new facility. This project aims to fill the company's capacity gap in high-end, customized PCB production and facilitate the development of both traditional large-scale PCB manufacturing and high-end, customized products. This strategic move is expected to significantly contribute to the company's long-term growth and high-quality development.