Xiang Piao Piao announced that the company's wholly-owned subsidiary, Xiang Piaopiao Sichuan, plans to set up an overseas subsidiary with 38 million US dollars and build a liquid ready-to-drink beverage production base in Thailand. As of the date of disclosure of the announcement, the company has obtained filings and certificates relating to overseas investment, and completed the establishment registration of subsidiary companies in Singapore and Thailand. Among them, the registered capital of Singapore Sun Company increased from 1 million Singapore dollars to 10 million Singapore dollars, and the total investment amount remained unchanged; Thailand's Sun Company's registered capital was 168 million baht, which is mainly engaged in the production and sale of ready-to-drink beverages. This investment has management and other risks, and there is uncertainty about the investment results.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.