Longtai Auto Components (Thailand) Co., Ltd. announced that it will issued common shares THB 245,000,000 on February 20, 2024. The capital increase was approved in the 6th (Extraordinary) Meeting of the Company?s 8th Directorate, and did not need the shareholders? approval.

The transaction include participation from new investor Feilong Auto Components Co., Ltd., holds 99% and Xixia County Feilong Automotive Components Co., Ltd. holds 1% after the capital increase.