Core Viewpoint - The company has signed an investment agreement to establish a joint venture, Guangxi Xingxin New Materials Co., Ltd., with three other partners, aiming to implement a significant project in the new materials sector [1] Group 1: Joint Venture Details - The registered capital of the joint venture is set at RMB 100 million [1] - The company will contribute RMB 70 million, representing 70% of the registered capital [1] - Other partners include Zhibo Ketuo contributing RMB 18 million (18%), Xinnuo Environment contributing RMB 9 million (9%), and Jinbo Petrochemical contributing RMB 3 million (3%) [1] Group 2: Project Implementation - The joint venture will serve as the project company for the "Xingxin 15.3 million tons of polyolefin and polyamine series products Phase I project" [1] - Funding for the project will come from the company's own funds [1] - The newly established joint venture will be included in the company's consolidated financial statements [1]
兴欣新材：拟设立控股子公司广西兴欣 新注册资本1亿元