ZHUHAI, China, Dec. 1, 2023 – Advanced Fiber Resources, as a leading provider of optical components, is pleased to announce the establishment of our new subsidiary in Thailand, marking a significant milestone for the AFR's development.

The new subsidiary, named ADVANCED FIBER RESOURCES (THAILAND) CO., LTD., has successfully completed its business registration and acquisition. Located in the Luang District, Pathum Thani Province, 45 km north of Bangkok and a mere 20-minute drive from Don Mueang International Airport, the facility occupies approximately 323,000 square feet. Currently, it is undergoing extensive renovation to meet AFR's standards of excellence. The facility is expected to be operational in Q1’2024.

"We are excited to announce our presence in Thailand through the establishment of our subsidiary," said Dr. Wang, CEO of AFR. "This strategic move allows us to leverage our expertise and further work within the international market. We hope that this can significantly contribute to improving optimization of our supply chain, reducing production costs and enhancing our competitiveness."

As the renovation progresses, we will continue to provide updates on the development of the subsidiary and the upcoming commencement of operations.