Sunshine Lighting(600261.SH) plans to increase capital by 324 million yuan to its wholly-owned subsidiary Sunshine Lighting(Thailand) for the construction of a manufacturing base in Thailand

Gelonghui, March 8 — Sunshine Lighting (600261.SH) announced that the 16th meeting of the 10th Board of Directors approved the company’s plan to increase its capital by 324 million RMB (or equivalent USD) to its wholly-owned subsidiary Sunshine Lighting (Thailand) Co., Ltd. (hereinafter referred to as “Thailand Sunshine”) for the construction of a production base in Thailand. This external investment is subject to approval or filing procedures by relevant regulatory authorities and obtaining permits from local Thai authorities. The actual investment amount will be based on approvals from government departments, and the company will implement the Thailand production base project in phases according to market demand and business progress.

Thailand is located in the core of Southeast Asia, neighboring key markets such as Malaysia, Singapore, and Vietnam, with a highly advantageous geographic position. The Thailand Board of Investment (BOI) offers preferential policies such as corporate income tax reductions and import duty exemptions for qualified foreign-invested enterprises. Sunshine Lighting Thailand has officially received BOI certification, fully benefiting from these policies.

Thailand’s business environment is friendly to foreign investment. The manufacturing sector allows 100% foreign ownership, with relaxed foreign exchange controls. Company registration and project approval processes are efficient and convenient, effectively reducing compliance risks for overseas operations. Additionally, local labor costs are relatively advantageous compared to China’s coastal regions, industrial electricity prices remain stable, and infrastructure is well-developed, providing an optimal balance of cost and efficiency for large-scale lighting manufacturing.

The completion and operation of the Thailand base mark a new stage in the company’s globalization strategy. The company will leverage this opportunity to transform from a “Chinese manufacturing exporter” to a “regional value creator,” strengthening its foundation amid increasing external uncertainties, and significantly enhancing supply chain resilience and risk resistance. By deepening its global capacity layout, the company aims to further solidify strategic partnerships with leading clients, increase customer loyalty, and lay a solid foundation for long-term stable development.