Core Insights - A new company, Wuxi Yineng Smart Technology Co., Ltd., has been established with a registered capital of 10 million yuan [1] - The company's business scope includes IoT technology services, AI basic software development, AI innovation service platforms, and AI application software development [1] - Wuxi Yincheng Electric Power indirectly holds 100% ownership of the new company [1]

Transaction Overview - The company has repurchased a total of 6% equity in Xinhua Zhiyun Technology Co., Ltd. for RMB 150 million from four entities, increasing its ownership to 51% [1] - The share transfer agreement was signed on June 27, 2025, and the completion of the transaction was announced on June 28, 2025 [1] Company Registration Details - Xinhua Zhiyun has completed the industrial and commercial registration procedures and received a new business license [2] - The registered capital of Xinhua Zhiyun is RMB 490.196 million, and it is located in Hangzhou, Zhejiang Province [2] - The company was established on June 12, 2017, and its business scope includes software development, artificial intelligence, blockchain technology, and digital cultural creative services [2] Shareholder Change - The announcement includes details of the shareholder structure before and after the transaction, although specific percentages are not provided in the text [3]

Core Points - The company has completed the registration changes related to the cancellation of the supervisory board and the modification of its registered capital, as approved in the shareholders' meeting held in May 2025 [1] - The new registered capital of the company is 140 million RMB [1] - The company operates in various sectors including technology services, software development, artificial intelligence, and data processing [1] Company Information - The company is officially named Shanghai Hehe Information Technology Co., Ltd. and has a unified social credit code of 91310110791485269J [1] - The legal representative of the company is Zhen Lixin [1] - The company was established on August 8, 2006, and is located at 1256-1258 Wanrong Road, Room 1105-1123, Jing'an District, Shanghai [1] Business Scope - The company is involved in various business activities including but not limited to technical services, software development, artificial intelligence software development, and data processing services [1] - It also engages in advertising design, enterprise management consulting, and market marketing planning [1] - The company is authorized to conduct second-class value-added telecommunications business, subject to approval from relevant authorities [1]