Riyue HI(SH:603218) Zheng Quan Zhi Xing·2025-07-07 09:11Investment Overview - The company plans to invest in establishing a joint venture named Zhejiang Ningbo Zhuhai Wind Mother Port Equipment Development Co., Ltd. with a registered capital of 120,000 million RMB [1][2] - The investment proportions are as follows: Zhejiang Haifeng 73% (87,600 million RMB), Ningbo Energy 20% (24,000 million RMB), the company 5% (6,000 million RMB), and Ningbo Oriental Cable 2% (2,400 million RMB) [2][4] - This investment does not require shareholder approval as it falls within the board's decision-making authority [1][2] Company Objectives - The establishment of the joint venture is aligned with the company's strategic development needs, focusing on the investment and construction of the Zhejiang (East China) deep-sea wind power mother port Xiangshan base project [1][6] - The investment aims to enhance the company's influence and competitiveness in the wind power and casting industries, seeking to explore market potential and promote growth [6] Company Structure and Operations - The joint venture will engage in various activities including park management services, port services, equipment sales related to offshore wind power, and marine engineering equipment manufacturing [2][5] - The operational scope will include research and development of offshore wind power systems, equipment sales, and marine services, among others [2][5] Regulatory Considerations - The establishment of the joint venture is subject to approval from relevant regulatory authorities, which introduces a degree of uncertainty [1][6] - The final name and operational scope of the joint venture will be confirmed upon registration with the market supervision administration [2][4]