Group 1 - The core point of the article is the establishment of a joint venture between Chengdu Deshang Fengzhi Technology Co., Ltd. and Guangzhou Fanghua Property Management Co., Ltd. to engage in the non-performing asset sector [1] - The joint venture will have a registered capital of RMB 1 million, with Deshang Fengzhi holding 65% and Fanghua holding 35% of the equity [1] - The collaboration aims to explore market opportunities in the non-performing asset sector, enhancing both parties' market competitiveness and expanding business scale [1] Group 2 - The agreement aligns with the strategic development directions of both companies, promoting mutual benefits and commercial goals [1] - The terms of the joint venture agreement are considered fair and reasonable, serving the overall interests of the company and its shareholders [1]

Core Viewpoint - The company has entered into a joint venture agreement to establish a partnership focused on the non-performing asset sector, which is expected to enhance market competitiveness and expand business scale [1] Group 1: Joint Venture Details - The joint venture will be established between Chengdu Deshang Fengzhi Technology Co., Ltd. (a wholly-owned subsidiary of the company) and Guangzhou Fanghua Property Management Co., Ltd. [1] - The registered capital of the joint venture will be RMB 1 million, with Deshang Fengzhi holding 65% and Fanghua holding 35% of the equity [1] - The parties aim to establish the joint venture as soon as feasible to explore market opportunities in the non-performing asset sector [1] Group 2: Strategic Implications - The collaboration aligns with both parties' strategic development directions and is expected to facilitate participation in promising non-performing asset projects [1] - The agreement is viewed as fair and reasonable, benefiting the overall interests of the company and its shareholders [1]