Group 1 - The company, Zhejiang Wan'an Technology Co., Ltd., has entered into an investment agreement with Huawai Technology Co., Ltd. to establish a joint venture in Mexico with a total investment of 10.5 million, representing 35% of the total investment, through its wholly-owned subsidiary, Wan'an Technology (Hong Kong) North America Investment Co., Ltd. [1][2] - The joint venture has been registered and is named JINSHENG MEXICO INDUSTRIAL S. de R.L. de C.V., with a registered capital of 50,000 Mexican Pesos [2] Group 2 - The ownership structure of the joint venture consists of 65% held by Jinsheng Industrial Investment Co., Ltd. and 35% held by Wan'an Technology (Hong Kong) North America Investment Co., Ltd. [2] - The operational scope of the joint venture includes research, manufacturing, and sales of springs, automotive parts, motorcycle parts, metal processing machinery, and spring steel wire [2]
万安科技: 关于对外投资设立合资公司暨关联交易的进展公告