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Guangzhi Technology: The controlling subsidiary Anhui Zhongfei and Qingdao Huizhu Innovation and Entrepreneurship Investment Fund Limited Partnership jointly invest 300 million yuan to establish a joint venture company
Guangzhi Technology announces that its subsidiary, Anhui Zhongfei Technology Co., Ltd., has signed a “Project Investment Agreement” with Qingdao Huizhu Chuangxin Chuangye Investment Partnership (Limited Partnership). The two parties will jointly invest to establish a joint venture in Shibei District, Qingdao, with a registered capital of 300 million RMB. Anhui Zhongfei will contribute 150 million RMB in cash, accounting for 50% of the registered capital; Qingdao Huizhu will contribute 150 million RMB in cash, also accounting for 50% of the registered capital.