SHENHUA HOLDINGS(SH:600653) Shang Hai Zheng Quan Bao·2025-08-19 19:00Core Viewpoint - The company plans to establish a joint venture, Shenwei Exploration (Shenyang) Technology Co., Ltd., with Shuo Cheng Technology to focus on AI predictive maintenance in the automotive smart manufacturing and industrial production sectors in Northern China [2][3][14]. Group 1: Investment Overview - The registered capital of the joint venture is set at RMB 10 million, with the company contributing RMB 5.1 million for a 51% stake, while Shuo Cheng Technology contributes RMB 4.9 million for a 49% stake [2][3][11]. - The joint venture aims to leverage the company's resources in the automotive industry and Shuo Cheng Technology's AI capabilities for industrial asset lifecycle management [2][10][14]. Group 2: Joint Venture Details - The joint venture will operate under the name Shenwei Exploration (Shenyang) Technology Co., Ltd., with its registered address in the Shenyang Free Trade Zone [8]. - The business scope includes technology promotion, software development, AI application software development, and various technology services [8][9]. Group 3: Agreement and Governance - The joint venture agreement was signed on August 19, 2025, and does not require shareholder approval as it is not classified as a related party transaction or a major asset restructuring [4][11]. - The governance structure includes a board of directors with three members, two nominated by the company and one by Shuo Cheng Technology, with the company nominating the chairman [9][11]. Group 4: Impact on the Company - This investment is seen as a strategic move to explore new growth paths and enhance the company's operational sustainability by tapping into the AI maintenance market [14].