Core Viewpoint - Henghe Co., Ltd. announced the establishment of a joint venture with Shanghai Huapei Shuneng Technology Group to enhance its research and manufacturing capabilities for sensor cores and assemblies [1] Group 1: Joint Venture Details - The joint venture will be established by Wuxi Chip Intelligence Technology Co., Ltd., a subsidiary of Henghe Co., Ltd., and Shanghai Huapei Shuneng Technology Group [1] - The legal representative of the joint venture is Wu Yuehui, and it will be registered in Shanghai with a registered capital of 22.29 million RMB [1] - Huapei Shuneng will contribute 15.603 million RMB in cash, holding a 70% stake in the joint venture, while Chip Intelligence will contribute non-monetary assets valued at 6.687 million RMB, holding a 30% stake [1]