Core Viewpoint - Baotai Co., Ltd. (600456.SH) announced the establishment of a joint venture with Zhongke Ruilong to enhance its industrial chain and product structure by developing, producing, and selling precision titanium materials [1] Group 1: Joint Venture Details - The joint venture is named Jiangsu Ruilong Precision Technology Co., Ltd. (tentative name) [1] - The registered capital of the joint venture is 20 million yuan, with Baotai contributing 9.8 million yuan for a 49% stake and Zhongke Ruilong contributing 10.2 million yuan for a 51% stake [1] - Both parties will contribute cash for their respective stakes in the joint venture [1] Group 2: Strategic Objectives - The joint venture aims to build a high-quality production line for titanium and titanium alloy precision foil [1] - The initiative is focused on promoting technological innovation and industrialization of titanium material precision rolling processes [1] - The goal is to establish a benchmark enterprise within the industry [1]

Core Viewpoint - Company plans to establish a joint venture in Beijing's Huairou District with a total investment not exceeding 400 million yuan [1] Group 1: Joint Venture Details - The joint venture will be established in collaboration with Huairou Laboratory, where the technology side will contribute intellectual property valued at 30% and the company will contribute cash valued at 70% [1] - The company's cash contribution will not exceed 400 million yuan, with the final equity ratio to be determined based on the intellectual property assessment results [1] Group 2: Strategic Collaboration - The collaboration between the company and Huairou Laboratory is expected to create significant synergies and strategic complementarity [1] - Through resource sharing and capability synergy, both parties aim to advance the industrialization of IGCT valve technology and accelerate technological innovation and market application expansion [1]