In order to promote the implementation of the company's strategic planning, improve the company's overseas layout, and better meet the needs of the company's customers, Huizhou Desai Battery Co., LTD., a wholly-owned subsidiary of Desai Battery Co., LTD2020years11month4In Hong Kong, the establishment of a wholly-owned subsidiary Desai battery(Hong Kong)Investment Co., LTD., total investment and registered capital are300Ten thousand US dollars, and through Hong Kong to establish a new manufacturing base in Beijiang, Vietnam, engaged in small and medium-sized lithium battery packaging and integration business, to carry out the research and development, production and sales of wearable devices, mobile phones and other batteries.

Recently, the company held the tenth meeting of the ninth board of directors, deliberating and passing the bill on the capital increase of Huizhou Battery Subsidiary. The board of directors of the company has approved Huizhou Battery's capital increase in its wholly owned subsidiary Desai Hong Kong,Capital increase1200Ten thousand US dollars, Desai Hong Kong registered capital by300The $10,000 goes up to1500$10,000 for the construction and operation of a new manufacturing facility in Vietnam.

Ring view:This capital increase and investment is conducive to further improving the company's comprehensive competitiveness and business scale, promoting the improvement of the company's profitability and comprehensive competitiveness, providing a strong guarantee for the stable growth of the company's future performance, which is in line with the interests of the company and all shareholders.

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