Core Viewpoint - The company Shida Shenghua announced a strategic investment partnership to establish a joint venture aimed at enhancing competitiveness and long-term development [1] Group 1: Investment Details - Shida Shenghua's subsidiary, Shandong Shenghua Guohong New Materials Co., Ltd., signed an investment cooperation agreement with Tengzhou Tianshui Biotechnology Co., Ltd. [1] - The joint venture, named Jining Shengying Chemical Products Trading Co., Ltd., will have a registered capital of RMB 6 million [1] - Shenghua Guohong will contribute RMB 3.3 million, holding a 55% stake, while Tianshui Biotechnology will contribute RMB 2.7 million for a 45% stake [1] Group 2: Strategic Implications - The investment is aimed at enhancing the competitiveness of both parties involved [1] - The company expects that this investment will not have a significant impact on its operating performance for the year 2025 [1]

Core Viewpoint - Shenzhen Zhishu Investment Partnership (Limited Partnership) has been established with an investment amount of approximately 16.08 billion yuan, focusing on investment activities and enterprise management [1] Company Involvement - The new investment partnership is co-funded by several companies, including Dalian Wanda Commercial Management Group Co., Ltd., Tencent's affiliated company Shenzhen Xiaoshu Commercial Management Co., Ltd., Shanghai Weishu Commercial Management Co., Ltd., and Beijing Sogou Technology Development Co., Ltd. [1]