Tianyouwei: Plans to invest €65 million to establish a wholly-owned subsidiary overseas

Tianyouwei announced that the company plans to use its own or self-raised funds to invest €65 million to establish a wholly-owned subsidiary in Morocco, aiming to serve as one of the company's important overseas production bases, further promoting multinational cooperation, radiating to the European market, and enhancing the company's product advantages in international competition. This subsidiary will focus on the production of automotive instruments and related automotive electronic products in the future. Currently, the subsidiary is still in the preparatory stage, and specific information has not yet been determined, subject to the actual approval or registration by relevant departments. This investment still requires approval, authorization, and registration from the relevant national management departments before it can be implemented, which carries certain uncertainties