Shenzhen Yibo Technology's (SHE:301366) board approved an additional investment of up to 800 million yuan by wholly owned subsidiary Zhuhai Yibo Electronics to develop Phase II of its Zhuhai PCB plant, according to a Thursday filing with the Shenzhen Stock Exchange.

The investment will primarily cover production machinery and equipment, the filing said.

The production expansion is aimed at meeting the increasing demand from customers in AI-related and other sectors, it said.