Core Viewpoint - Ningbo Huaxiang (002048.SZ) has announced the establishment of a joint venture, Ningbo Fengmei Piyike New Materials Co., Ltd., focusing on the research and application of polyether ether ketone (PEEK) materials [1] Group 1: Joint Venture Details - The joint venture is formed in collaboration with enterprises controlled by the actual controller of the company, namely Ningbo Fengmei Chemical Technology Co., Ltd. and Ningbo Fengmei Piko Enterprise Management Partnership (Limited Partnership) [1] - The joint venture will invest 30 million yuan to obtain a general implementation license for Chinese patents and proprietary technologies related to the industrialization of PEEK from Jilin University, with a license period of 20 years [1] Group 2: Technical Collaboration - The joint venture will engage experts and professors from Jilin University to provide comprehensive technical services and training [1] - Following the acquisition of the licensed technology, the joint venture will focus on the research and trial production of PEEK material polymerization, purification, modification, profile processing, and composite enhancement processes [1]

Core Viewpoint - Ningbo Huaxiang (002048.SZ) has announced the establishment of a joint venture with companies controlled by its actual controller, focusing on the research and application of polyether ether ketone (PEEK) materials [1] Group 1: Joint Venture Establishment - The joint venture, named Ningbo Fengmei Piqi New Materials Co., Ltd., will primarily engage in the R&D and application of PEEK materials [1] - The company has agreed to invest 30 million yuan to obtain a general implementation license for Chinese patents and proprietary technologies related to the industrialization of PEEK from Jilin University, with a license period of 20 years [1] Group 2: Collaboration with Jilin University - The joint venture has signed a patent implementation license contract with Jilin University on September 28, 2025 [1] - Jilin University will provide a full set of technical services and training through its expert professors and technical team [1] Group 3: R&D Activities - Following the authorization, the joint venture will conduct research and trial production of PEEK material polymerization, purification, modification, profile processing, and composite enhancement processes based on the licensed technology [1]