Tuopu Group reallocates funds, extends project timelines

Ningbo Tuopu Group (SSE:601689) announced a change in the allocation of its raised funds, diverting CNY 38,000.00 from the "Ningbo Qianwan Annual Output of 1.1 Million Sets of Automotive Interior Functional Components Project and Annual Output of 1.3 Million Sets of Thermal Management System Project" to the "Thailand Annual Output of 1.3 Million Sets of Thermal Management System Project," with total investment in the Thai project now estimated at CNY 64,800.00.