Investment Overview - The company plans to enhance its technological innovation capabilities in the 3D additive SLM manufacturing field by establishing a joint venture with Lika Precision Technology [1] - The joint venture, named Suzhou Lihua Technology, will focus on deep applications of 3D additive SLM technology across various industries, including consumer electronics, automotive electronics, and medical sectors [1] - The registered capital of the joint venture is RMB 200 million, with the company contributing RMB 140 million (70%) and Lika Precision contributing RMB 60 million (30%) [1][2] Partner Company Information - Lika Precision specializes in high-precision stamping molds and components for 3C electronic products, among other manufacturing capabilities [2] - The ownership structure of Lika Precision includes major shareholders such as Luxshare Precision Industry Co., Ltd. and Rili International Limited [2] Joint Venture Structure - The joint venture will have a shareholders' meeting as its highest authority, with voting rights based on capital contribution [3] - The board of directors will be responsible to the shareholders' meeting, with the chairman appointed by the company [3] - The joint venture will not have a supervisory board but will have a supervisor recommended by the company [3] Investment Agreement Highlights - The investment agreement outlines the capital contributions and ownership stakes of both parties in the joint venture [4] - The agreement stipulates that any breach of contract will result in compensation for damages incurred by the non-breaching party [3] Strategic Goals and Market Impact - The joint venture aims to meet the market demand for high-precision, complex metal components through enhanced R&D in 3D additive SLM technology [4] - The collaboration is expected to improve production efficiency, shorten product development cycles, and provide integrated solutions for customers [4] - The investment is subject to regulatory approvals, which introduces some uncertainty regarding its establishment and operation [4]