Kinwong (603228. SH) announced today that it will invest up to 700 million yuan(approximately $96.39 million at the exchange rate on September 1st) in Thailand to build a new printed circuit board production base using the company's own funds and self-raised funds.  This investment aims to better meet the strategic needs of business expansion and global production layout.

Kinwong plans to purchase land located in Pachin Buri Province, Thailand, and establish a subsidiary in Thailand that will be responsible for purchasing land and building fixed assets locally.

The construction of the Thai production base will be implemented in stages according to specific circumstances such as market demand and business progress.

About Kinwong

Kinwong was founded in 1993 and listed on the Shanghai Stock Exchange (stock code: 603228), is a leading national high-tech enterprise in the research, development, production, and sales of printed circuit boards and high-end electronic materials globally.

It has five production bases in Guangdong Shenzhen, Guangdong Longchuan, Jiangxi Jishui, Zhuhai Jinwan, and Zhuhai Fushan, with a total of 11 factories and over 15,000 employees worldwide. 

As one of the world's largest suppliers of printed circuit boards, It has established 11 offices globally to provide localized and instant FAE services. In 2022, Its revenue reached 10.541 billion yuan. In 2021, it ranked 16th globally in the printed circuit board industry and ranked third in the Top 100 Chinese Domestic PCB Companies list.

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