Core Viewpoint - Huagong Technology (000988) announced the establishment of a joint venture, Suzhou Lihua Technology Co., Ltd., with Likai Precision, focusing on the development and application of 3D additive SLM manufacturing technology [1] Company Summary - The registered capital of the joint venture is set at 200 million yuan, with Huagong Laser contributing 140 million yuan for a 70% stake, while Likai Precision will invest 60 million yuan for a 30% stake [1] - The joint venture aims to enhance technological innovation capabilities and market competitiveness [1] - The investment does not require approval from the shareholders' meeting and does not constitute a related party transaction [1] Industry Summary - The establishment of the joint venture is expected to promote the upgrading and transformation of related industries [1] - The formation of the joint venture is subject to approval and registration by relevant authorities, indicating some level of uncertainty [1]