Group 1 - The company has established a joint venture named "Tianchen Daxiang Energy Technology Co., Ltd." with Yancheng Daxiang New Energy Co., Ltd. to explore the full industry chain of the energy storage market [1] - The registered capital of the joint venture is RMB 50 million, with Tianchen Energy holding 51% (RMB 25.5 million) and Daxiang New Energy holding 49% (RMB 24.5 million) [1] - The joint venture has completed the necessary business registration and obtained a business license from the Market Supervision Administration of Wuhu City [2] Group 2 - The joint venture's registered name is "Wuhu Tianchen Daxiang New Energy Technology Co., Ltd." and is located at Room 810, No. 1 Galaxy Avenue, Economic Development Zone, Wuhu City, Anhui Province [2] - The business scope includes research and development of emerging energy technologies, manufacturing and sales of new energy equipment, energy storage technology services, and various other related activities [2] - The company was officially established on January 8, 2026, with a legal representative named Cai Xiaoying [4]

Group 1 - The company, Tianchen Co., Ltd., has established a joint venture named "Tianchen Daxiang Energy Technology Co., Ltd." with Daxiang New Energy Co., Ltd. to explore the full industry chain of the energy storage market [1][2] - The registered capital of the joint venture is RMB 50 million, with Tianchen Co., Ltd. holding a 51% stake (RMB 25.5 million) and Daxiang New Energy holding a 49% stake (RMB 24.5 million) [1] - The joint venture has completed the necessary business registration and obtained a business license from the Market Supervision Administration of Wuhu City [2] Group 2 - The joint venture was officially established on January 8, 2026, and is located at Room 810, No. 1 Galaxy Avenue, Economic Development Zone, Wuhu City, Anhui Province [2] - The business scope of the joint venture includes research and development of emerging energy technologies, manufacturing and sales of new energy equipment, energy storage technology services, and various related activities [2]

Core Viewpoint - Tianchen Co., Ltd. announced the establishment of a joint venture, Tianchen Daxiang Energy Technology Co., Ltd., with Daxiang New Energy to explore the full industry chain of the energy storage market [1] Group 1: Joint Venture Details - The joint venture will have a registered capital of RMB 50 million, with Tianchen Storage contributing RMB 25.5 million for a 51% stake and Daxiang New Energy contributing RMB 24.5 million for a 49% stake [1] - The joint venture plans to implement an employee stock ownership plan, allocating 20% of the joint venture's equity held by Daxiang New Energy for incentive purposes, targeting executives and key technical personnel from both parties [1]

Core Viewpoint - Tianchen Co., Ltd. (600620.SH) announced the establishment of a joint venture, Tianchen Daxiang Energy Technology Co., Ltd., in collaboration with Yancheng Daxiang New Energy Co., Ltd. to explore the full industry chain of the energy storage market [1] Group 1 - Tianchen's wholly-owned subsidiary, Tianchen Energy Storage Technology (Wuhu) Co., Ltd., will hold a 51% stake in the joint venture with a capital contribution of 25.5 million yuan, while Daxiang New Energy will hold a 49% stake with a contribution of 24.5 million yuan [1] - The registered capital of the joint venture is set at 50 million yuan [1] - The joint venture plans to implement an employee stock ownership plan, allocating 20% of the joint venture's equity held by Daxiang New Energy for incentive purposes, targeting executives and core technical personnel from both companies [1]