Spey Technology plans to expand its production base in Thailand.

Spey Technology plans to expand its production base on Plot 12 in Uthai Banchang District, Ayutthaya Province, Thailand, with a total investment of RMB 400 million. Funding will come from capital increases by Spey Technology's three wholly-owned subsidiaries and Spey Thailand's own funds or self-raised funds. Spey Technology currently has three major production bases in Ningbo, Zhejiang; Jiangmen, Guangdong; and Thailand, with a total of five production plants.