Tes Touch Embedded Solutions to Inject 650 Million Yuan into Subsidiary for Overseas Smart Manufacturing Base

Tes Touch Embedded Solutions (Xiamen) Co., Ltd. (003019.SZ) has announced a plan to invest 650 million yuan, funded by its own capital or other financing methods, into its wholly-owned subsidiary TES Technology (Hong Kong) Limited. Following this capital increase, the Hong Kong subsidiary will inject an equivalent amount into TES Technology (Thailand) Co., Ltd. to support the development of an overseas smart manufacturing base. This investment aligns with the company's strategic development and the operational needs of its Thailand subsidiary. It aims to expand production capacity at the existing Thailand smart manufacturing facility, building on the current "China + Thailand" dual production base model. The project will establish assembly lines for smart displays and all-in-one computers, as well as automated production lines for automotive display screens. These enhancements are designed to meet production demands across three key business segments: ODM, MicroTouch™ branded products, and smart cockpit solutions, thereby achieving lean manufacturing. Additionally, the company plans to optimize its upstream and downstream supply chain integration. This will enable flexible allocation of global and local resources and improve lean production management. The significant upgrade in global intelligent manufacturing and localized service capabilities will better address the customized needs of international clients, offering superior service experiences, a more balanced cost-efficiency ratio, and traceable quality management. Strengthening these operational abilities not only supports the company's business development strategy but also mitigates the impact of an increasingly complex international trade environment. This initiative is expected to enhance the company's global competitiveness and ensure sustained growth amid intense market competition.