Ge Long Hui·2026-01-23 13:36Core Viewpoint - ST Jinglan (000711.SZ) plans to establish a new company, Indium Target New Material Technology (Honghe) Co., Ltd., in partnership with Yunnan Chihe, focusing on high-density ITO target materials production [1] Group 1: Company Strategy - The registered capital for Indium Target Honghe is set at RMB 10 million, with ST Jinglan contributing RMB 8 million for an 80% ownership stake [1] - Yunnan Chihe will invest RMB 2 million, holding a 20% stake in the new venture [1] Group 2: Operational Plans - Indium Target Honghe intends to purchase all equipment from an ITO target material company located in Yunnan, followed by repairs and technical upgrades [1] - The company aims to commence production of high-density ITO target materials by the end of June 2026 [1] Group 3: Governance - The proposal for the new company has been approved by the first independent director meeting of ST Jinglan in 2026 [1]