Core Viewpoint - The establishment of a joint venture between Zhongchuang Innovation and Handan City Investment Group, along with Handan City Urban Operation Group, aims to enhance the market expansion and strategic layout of the company's power and energy storage business [1][2]. Group 1: Joint Venture Details - The joint venture will have a registered capital of RMB 4 billion, with Zhongchuang Innovation contributing RMB 2.4 billion (60%) and Handan parties contributing RMB 1.6 billion (40%) [1]. - The joint venture will be considered a subsidiary of Zhongchuang Innovation, and its financial performance will be consolidated into the group's financial statements [1]. Group 2: Handan City Investment Group - Handan City Investment Group is a limited liability company registered in China, focusing on industrial investment, capital operation, and various sectors including water environmental protection and clean energy [1]. - The ultimate beneficial owner of Handan City Investment Group is the State-owned Assets Supervision and Administration Commission of Handan City People's Government [1]. Group 3: Handan City Urban Operation Group - Handan City Urban Operation Group is also a limited liability company in China, primarily engaged in urban infrastructure construction and public service operations [2]. - Its business sectors include government investment project construction, real estate development, and urban public transportation [2]. - Similar to the investment group, the ultimate beneficial owner is the State-owned Assets Supervision and Administration Commission of Handan City People's Government [2]. Group 4: Strategic Implications - The joint venture is primarily focused on the development and construction of power, energy storage batteries, and energy storage system integration projects [2]. - This initiative is expected to facilitate the market expansion and strategic positioning of Zhongchuang Innovation in the energy sector [2].

Group 1 - The company, Zhongchuang Xinhang, announced a joint venture agreement with Handan Industrial Investment Group and Handan Urban Operation Group to establish a joint venture company [1] - The registered capital of the joint venture company is set at RMB 4 billion, with the company contributing RMB 2.4 billion (60% ownership) and Handan parties contributing RMB 1.6 billion (40% ownership) [1] - The joint venture will focus on the development and construction of power, energy storage batteries, and energy storage system integration projects, enhancing the company's market expansion and strategic layout in the power and energy storage business [1] Group 2 - Handan Industrial Investment Group is a limited liability company registered in China, primarily engaged in capital operation, water and environmental protection, clean energy, cultural tourism, and other sectors [2] - Handan Urban Operation Group is also a limited liability company in China, focusing on urban infrastructure construction, public service operations, and various development and management projects [2]