XMPD(SZ:000905) Ge Long Hui·2025-09-26 08:51Group 1 - Xiamen Port Development Co., Ltd. has established a joint venture named Xiamen Port Development Building Materials Supply Chain Co., Ltd. with a registered capital of 50 million yuan, where the company holds 51% of the shares [1] - The main business of the joint venture includes sales of cement products, non-metallic minerals and products, and metal materials [1] - The company’s subsidiary, Xiamen Port Trade Co., Ltd., acquired 51% of the joint venture's shares in December 2020 [1] Group 2 - The building materials industry has faced a downturn, with concrete prices continuously declining since 2021, leading to extended payment cycles and operational challenges for the joint venture [2] - Due to these difficulties, the company's board has decided to liquidate and deregister the joint venture, which does not require shareholder approval [2] - The liquidation does not involve related transactions and does not constitute a major asset restructuring as per relevant regulations [2]