Tiger'sRichesRoar| Kodali: Plans to establish a U.S. holding subsidiary and invest in building a new production base for precision structural parts for energy power batteries

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[KodaliTiger'sRichesRoar: Plans to establish a U.S. holding subsidiary and invest in building a new energy power battery precision structural parts production base] Securities Times e Company NewsTiger'sRichesRoar, Kodali (002850) announced on the evening of May 20 that the company plans to jointly invest in the United States with Kodali Hungary Co., Ltd., a wholly-owned subsidiary of the companyTiger'sRichesRoar.Tiger'sRichesRoar..

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[Kodali: Plans to establish a U.S. holding subsidiary and invest in a new production base for precision structural parts for energy and power batteries] Securities Times e Company News, Kodali (002850) announced on the evening of May 20 that the company plans to cooperate with the company's wholly-owned subsidiary Kodali Hungary Co., Ltd. The company jointly invested in the United States to establish Kodali America Co., Ltd.(referred to as "Kodali of the United States") and invested in the construction of a new energy power battery precision structural parts production base in the United States, with a total investment of no more than US$49 million, of which the company's investment ratio is 85%, and Hungarian Kodali's investment ratio is 15%. The establishment of Cordali in the United States and investment in the construction of a production base are of positive significance to expanding the company's international market share and enhancing the competitiveness of the company.

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