Core Viewpoint - Lixing Co., Ltd. plans to establish a joint venture named Jiyou Lixing (Shanghai) Technology Co., Ltd. to expand new business growth points and optimize its business structure, focusing on the development of the new energy vehicle and automation equipment industries [1] Investment Details - The registered capital of the joint venture is RMB 100 million, with Lixing contributing RMB 20 million, accounting for 20% of the total [1] - Shanghai Jiyou contributes RMB 59 million, holding 59% of the joint venture [1] - Shanghai United contributes RMB 10 million, representing 10% of the joint venture [1] - Shanghai Gaoxing contributes RMB 11 million, holding 11% of the joint venture [1] Business Objectives - The joint venture aims to focus on national strategic industry demands and hot market needs, primarily developing products related to the new energy vehicle and automation equipment industries [1] - The venture will leverage the overseas channels and brand resources of all parties to explore key international markets such as Europe and North America [1] - The goal is to create a high-end transmission component brand from China [1]