According to the Zhitong Finance APP, MINAMI (301383.SZ) announced that in order to meet the diverse needs of customers and enhance international competitiveness and overseas service capabilities, the company plans to use its own funds to invest no more than RMB 300 million (including this amount) or the equivalent in foreign currency directly in its holding subsidiary MINAMI TECHNOLOGY (THAILAND) CO., LTD. (hereinafter referred to as "Thai MINAMI") or indirectly through its wholly-owned subsidiary MINAMI ACOUSTICS LIMITED in Hong Kong. The investment will be used to build a production base in Thailand, including but not limited to purchasing land, constructing factories, purchasing production equipment, and related matters. The actual investment amount will be subject to the approval amount from Chinese and local authorities.

This investment to build a production base in Thailand is an important measure to implement the overseas strategic layout, which can improve the layout of overseas production bases, strengthen the supply capacity of overseas product services, better serve global customers, enhance international competitiveness and overseas service capabilities, improve business layout and overall strategic development planning, and help flexibly respond to macroeconomic fluctuations, adjustments in industrial policies, and reduce the potential adverse impacts of changes in international trade patterns, thereby enhancing overall risk resistance