MANAUS, Brazil & CHENGDU, China – November 7, 2025 – Shenzhen Kaifa Technology (Chengdu) Co., Ltd. (Stock Code: 920029) today announced that its Board of Directors has approved an outbound investment of approximately RMB 284 million (approximately USD 40 million). The investment includes a capital increase to its wholly-owned Brazilian subsidiary, Intelligent Energy Metering Brazil Ltda., as well as the establishment of a localized production plant in the Manaus Free Trade Zone, Amazonas, Brazil.

The new facility is designed to support the modernization of smart grid and water management infrastructure in Brazil. By localizing production, KAIFA will enhance regional supply chain resilience and strengthen its ability to serve customers with greater agility and reliability throughout the region.

"Our goal is to build with and for Brazil," said Ms. Jackie Yan, Vice President of KAIFA, responsible for Marketing, Sales and Investment Planning. "By producing locally, we deepen our roots in the communities we serve. We are not just bringing technology; we are investing in local talent, integrating into the regional supply chain, and committing to the long-term growth of Brazil's energy sector."

The Manaus operation will create skilled local employment opportunities while implementing KAIFA's global standards for quality and manufacturing excellence. The company will pursue opportunities to integrate local suppliers into its production processes, fostering economic development within the industrial community.

With nearly thirty years of international experience and a presence in over 40 countries, KAIFA brings proven, reliable technology to the Latin American market. The company has an established track record of large-scale deployments for major utility providers globally, ensuring that customers will receive world-class products tailored to local requirements.