Core Viewpoint - The company Huylong New Materials (301057.SZ) plans to establish a joint venture, Hangzhou Zhalipet Technology Co., Ltd., focusing on functional fiber materials for pet health products, leveraging its technological advantages in green functional fiber materials [1] Group 1: Joint Venture Details - The joint venture will be established in collaboration with Hangzhou Pet Sales Supply Chain Management Co., Ltd. and several individual investors [1] - The registered capital of the joint venture is set at 5 million RMB, with Huylong New Materials contributing 3.25 million RMB, holding a 65% stake [1] - Other stakeholders include Pet Sales with a 9% stake, and individual investors holding varying stakes, including Wang Jianxing (9.5%), Wu Hongqiang (4.5%), He Jiajia (4%), Tang Guobin (4%), and Xi Wenwen (4%) [1] Group 2: Product Focus and Market Strategy - The joint venture aims to integrate antibacterial, deodorizing, water-repellent, skin-friendly, and cooling functional fiber materials with pet health products [1] - The goal is to create a well-known brand in the pet functional fiber materials sector, addressing the growing demand in the pet health industry [1]