芳源股份：与某日本企业及目标公司签订合作协议

Core Viewpoint - The company has signed a cooperation agreement with a Japanese enterprise and a target company to develop and produce NCMA/NCA/NCM precursors in Japan, indicating a strategic expansion into the Japanese market [1] Group 1: Cooperation Agreement - The company will provide technology and processes to the target company, which will act as the project implementation entity [1] - The total technical service fee, design fees, and operational technology usage fees to be charged to the target company will amount to 4.8 billion Japanese yen, approximately 229.8 million Chinese yuan [1] Group 2: Financial Implications - The fees will be collected in batches according to the project implementation stages, reflecting a structured financial approach to the partnership [1]