GRI(SH:600894) Shang Hai Zheng Quan Bao·2026-02-27 19:22Core Viewpoint - The company, Guangzhou Guangri Co., Ltd., is establishing a joint venture named Guangzhou Guangri Smart Technology Co., Ltd. with an investment of RMB 46 million, aimed at enhancing its strategic positioning in the smart city sector and promoting the development of intelligent equipment and solutions [2][20]. Group 1: Investment Overview - The joint venture will have a registered capital of RMB 50 million, with the company contributing RMB 18.5 million for a 37% stake, its subsidiary Guangri Elevator contributing RMB 15 million for a 30% stake, and another subsidiary Guangri Electric contributing RMB 12.5 million for a 25% stake [3][10]. - The investment also includes contributions from the related party, Gongkong Tunan Venture Capital Fund, and non-related party, Jihua Technology Co., Ltd., with respective stakes of 7% and 1% [2][10]. Group 2: Board Approval and Compliance - The transaction has been approved by the company's board of directors and does not require shareholder approval or regulatory approval [5][24]. - The independent directors recused themselves from the voting process to ensure compliance with regulations regarding related party transactions [5][24]. Group 3: Joint Venture Purpose and Strategy - The joint venture aims to facilitate the implementation of smart city projects and enhance the company's capabilities in high-end intelligent equipment and solutions [20]. - The establishment of the joint venture is seen as a strategic move to optimize customer structure and diversify business operations, aligning with the company's digital industry and high-end equipment development strategy [20]. Group 4: Financial and Operational Aspects - The joint venture will be included in the company's consolidated financial statements, and the investment is expected to have no adverse impact on the company's cash flow or operational performance [20][22]. - The joint venture's operational site will be rented from the company at market value, ensuring fair financial practices [21].