Group 1 - The core point of the article is that Hengbo Co., Ltd. is expanding into the automotive interior parts sector through a partnership with Kaizheng Partners, which includes establishing a joint venture and acquiring 100% of Kaizheng Automotive [1] - Hengbo Co., Ltd. plans to set up a joint venture named Jiangsu Hengbo Kaizheng in Liyang, Jiangsu Province, focusing on the research, production, and sales of automotive interior parts [1] - The registered capital of Jiangsu Hengbo Kaizheng is RMB 20 million, with Hengbo contributing RMB 10.2 million (51%) and Kaizheng Partners contributing RMB 9.8 million (49%) [1] Group 2 - After the establishment of Jiangsu Hengbo Kaizheng, it will acquire 100% of Kaizheng Automotive's shares from its current shareholders through a cash transaction [1] - Following the completion of this transaction, both Jiangsu Hengbo Kaizheng and Kaizheng Automotive will be included in Hengbo Co., Ltd.'s consolidated financial statements [1]

Group 1 - The core point of the article is that Hengbo Co., Ltd. is expanding into the automotive interior parts sector through a partnership with Kaizheng Partners, which includes establishing a joint venture and acquiring 100% of Kaizheng Automotive [1] - Hengbo Co., Ltd. plans to set up a joint venture named Jiangsu Hengbo Kaizheng in Liyang, Jiangsu Province, with a registered capital of RMB 20 million, where Hengbo will hold a 51% stake [1] - The joint venture will focus on the research, production, and sales of automotive interior parts, and will acquire 100% of Kaizheng Automotive's shares from its current shareholders [1]

Group 1 - The core point of the article is that Hengbo Co., Ltd. (301225.SZ) plans to indirectly invest in Kaizheng Automotive by establishing a joint venture, Jiangsu Hengbo Kaizheng Automotive Electronics Co., Ltd., to explore new growth opportunities in the automotive interior parts sector [1] - Hengbo will contribute RMB 10.2 million, holding a 51% stake in the joint venture, while Kaizheng Partnership will invest RMB 9.8 million for a 49% stake [1] - The joint venture aims to acquire 100% equity of Kaizheng Automotive, which has notable advantages in the research and design of surface treatment interior components [1] Group 2 - The establishment of the joint venture and acquisition of Kaizheng Automotive is intended to expand Hengbo's industrial value chain and enter the automotive interior parts market [1] - Following the completion of the transaction, both Jiangsu Hengbo Kaizheng and Kaizheng Automotive will be included in Hengbo's consolidated financial statements [1]

Core Viewpoint - The company plans to establish a joint venture with Anhui Kaizheng Venture Capital Partnership to enter the automotive interior parts sector, aiming to expand its industrial value chain and create new market growth points [1] Group 1: Joint Venture Formation - The company will invest RMB 10.2 million, holding a 51% stake in the newly formed Jiangsu Hengbo Kaizheng Automotive Electronics Co., Ltd [1] - Anhui Kaizheng will contribute RMB 9.8 million for a 49% stake in the joint venture [1] Group 2: Acquisition Strategy - The joint venture intends to acquire 100% equity of Anhui Kaizheng Automotive from its current shareholders, including Shienqi, Guangdong Minhong New Materials Technology Co., Ltd, and Fang Yong [1] - Post-acquisition, both Jiangsu Hengbo Kaizheng and Anhui Kaizheng Automotive will be included in the company's consolidated financial statements [1] Group 3: Strategic Rationale - Anhui Kaizheng Automotive possesses significant advantages in the research and design capabilities of surface-treated interior components [1] - The establishment of the joint venture and acquisition is aimed at advancing the company's position in the automotive interior parts market [1]