Overview of the Investment and Related Transactions - Shanghai Weisaibo Environmental Technology Co., Ltd. plans to jointly invest with Tianjin Zhihui Membrane Technology Research Co., Ltd. and Shanghai Zhihui Management Partnership (Limited Partnership) to establish a joint venture named "Shanghai Weisaibo Zhihui Membrane Technology Development Co., Ltd." with a registered capital of 10 million yuan [1][2] - The company will contribute 5.1 million yuan, accounting for 51% of the joint venture, while Shanghai Zhihui will contribute 1.5 million yuan (15%), and Tianjin Zhihui will contribute through intellectual property and professional skills, accounting for 34% [1][2] Purpose and Background of the Investment - The joint venture aims to develop, produce, and sell gas separation membrane products, leveraging strategic cooperation and complementary advantages among the partners [2] - Gas membrane separation technology is recognized for its low capital costs, long lifespan, and low energy consumption, making it suitable for various applications in energy, chemicals, medical, and environmental sectors [2][3] - The global gas separation membrane market is experiencing rapid growth, driven by energy and chemical demands, global environmental policies, and industrial upgrades, with significant potential in the Chinese market [2] Company and Partner Profiles - The company has over 20 years of experience in high-performance membrane technology, focusing on research and application, and has established a comprehensive innovation system from basic formulation research to industrial production [3] - Tianjin Zhihui is backed by a leading research platform at Tianjin University, led by renowned experts in membrane materials, which will enhance the joint venture's technological and market capabilities [3] Related Party Transactions - The investment constitutes a related party transaction due to the involvement of the company's vice president, who is the controlling shareholder of Shanghai Zhihui [3][4] - The independent directors and the board's audit committee have approved the investment, confirming it aligns with the interests of the company and all shareholders [6][7] Impact of the Investment - Establishing the joint venture is expected to expand the company's product offerings, enhance competitiveness, and create new economic growth points, contributing to long-term value [7] - The funding for the investment will come from the company's own resources and will not significantly impact its financial status or operational results [7]

Group 1 - The core viewpoint of the news is that Weisaibo (688718.SH) plans to establish a joint venture with Tianjin Zhihui and Shanghai Zhihui to develop, produce, and sell gas separation membrane products, aiming for strategic cooperation and complementary advantages [1] - The registered capital of the joint venture is 10 million yuan, with Weisaibo contributing 5.1 million yuan (51%), Shanghai Zhihui contributing 1.5 million yuan (15%), and Tianjin Zhihui contributing through intellectual property and expertise (34%) [1] - The investment involves a related party transaction due to the company's executive, Mr. Fan Zhifeng, being the controlling shareholder of Shanghai Zhihui [1] Group 2 - Gas membrane separation technology is characterized by selective permeation through membrane surfaces, offering advantages such as lower capital costs, longer lifespan, and lower energy consumption compared to other gas separation technologies [1] - The gas separation membrane market is experiencing rapid growth driven by energy and chemical demand, global environmental policies, industrial upgrades, and expansion of application fields, with significant potential in the Chinese market [1] - The company has over 20 years of experience in the high-performance roll-type separation membrane field, focusing on R&D and application, and has established a comprehensive innovation system from basic formulation research to industrial production [2] - The joint venture will leverage the technological R&D, market channels, and talent reserves of both parties to enhance product application areas and improve the company's overall competitive strength [2]