Core Insights - Huilong New Materials (301057) announced the establishment of a joint venture with Hangzhou Pet Supply Chain Management Co., Ltd. and several individuals, which has completed its business registration and obtained a business license from the Hangzhou Market Supervision Administration [1] - The joint venture aims to leverage Huilong's technological advantages in green functional fiber materials to integrate resources and develop functional fiber materials for pet health products, focusing on features like antibacterial, deodorizing, water-repellent, skin-friendly, and cooling properties [1] Company Overview - The newly established joint venture is named Hangzhou Zhalike Technology Co., Ltd., with a registered capital of 5 million yuan and a legal representative named Wang Jianxing [1] - The company was officially established on September 30, 2025, and is located at 41 Caihe Road, Shangcheng District, Hangzhou, Zhejiang Province [1] Business Scope - The joint venture's business scope includes a wide range of services such as technology services, development, consulting, and manufacturing and sales of pet food and supplies, toys, clothing, daily necessities, rubber and plastic products, outdoor products, textiles, electronic products, and communication equipment [2] - Additionally, it encompasses internet sales, sales agency, information technology consulting, pet services, advertising production and publishing, as well as import and export of goods [2]

Core Viewpoint - Huilong New Materials Co., Ltd. plans to establish a joint venture with Hangzhou Pet Supply Chain Management Co., Ltd. and several individuals to expand its business into the pet health industry by leveraging its expertise in green functional fiber materials [1] Group 1: Joint Venture Details - The joint venture, tentatively named Hangzhou Zhalipet Technology Co., Ltd., will focus on integrating functional fiber materials with pet health products, aiming to create a well-known brand in the pet health industry [1] - The registered capital of the joint venture is set at 5 million RMB, with Huilong New Materials contributing 3.25 million RMB for a 65% stake [1] - Other stakeholders include Pet Supply Chain with a 9% stake, and several individuals holding smaller stakes ranging from 4% to 9.5% [1]

Core Viewpoint - Huilong New Materials (301057.SZ) is expanding its business by establishing a joint venture with Hangzhou Pet Supply Chain Management Co., Ltd. and several individuals to create Hangzhou Zhalipet Technology Co., Ltd., focusing on functional fiber materials for pet health products [1] Group 1: Joint Venture Details - The joint venture will leverage Huilong New Materials' technological advantages in green functional fiber materials [1] - The registered capital of the joint venture is 5 million RMB, with Huilong New Materials contributing 3.25 million RMB for a 65% stake [1] - Other stakeholders include Pet Supply Chain with a 9% stake, and several individuals holding smaller stakes ranging from 4% to 9.5% [1] Group 2: Product Focus - The joint venture aims to integrate functional fiber materials with pet health products, offering features such as antibacterial, deodorizing, water-repellent, skin-friendly, and cooling properties [1] - The goal is to establish a well-known brand in the pet functional fiber materials sector, serving the pet health industry [1]

Core Viewpoint - The company Huylong New Materials (301057.SZ) plans to establish a joint venture, Hangzhou Zhali Pet Technology Co., Ltd., focusing on integrating advanced fiber materials with pet health products to create a well-known brand in the pet health industry [1] Group 1: Joint Venture Details - The joint venture will be established in collaboration with Hangzhou Chongxiaoshe Supply Chain Management Co., Ltd. and several individual investors [1] - The registered capital of the joint venture is set at 5 million RMB, with Huylong New Materials contributing 3.25 million RMB, holding a 65% stake [1] - Other stakeholders include Chongxiaoshe with a 9% stake, Wang Jianxing with 9.5%, Wu Hongqiang with 4.5%, He Jiajia with 4%, Tang Guobin with 4%, and Xi Wenwen with 4% [1] Group 2: Strategic Focus - The joint venture aims to leverage Huylong New Materials' technological advantages in green functional fiber materials [1] - The focus will be on developing fiber materials with antibacterial, deodorizing, water-repellent, skin-friendly, and cooling properties for pet health products [1]

Core Viewpoint - The company Huylong New Materials (301057.SZ) plans to establish a joint venture, Hangzhou Zhalipet Technology Co., Ltd., focusing on functional fiber materials for pet health products, leveraging its technological advantages in green functional fiber materials [1] Group 1: Joint Venture Details - The joint venture will be established in collaboration with Hangzhou Pet Sales Supply Chain Management Co., Ltd. and several individual investors [1] - The registered capital of the joint venture is set at 5 million RMB, with Huylong New Materials contributing 3.25 million RMB, holding a 65% stake [1] - Other stakeholders include Pet Sales with a 9% stake, and individual investors holding varying stakes, including Wang Jianxing (9.5%), Wu Hongqiang (4.5%), He Jiajia (4%), Tang Guobin (4%), and Xi Wenwen (4%) [1] Group 2: Product Focus and Market Strategy - The joint venture aims to integrate antibacterial, deodorizing, water-repellent, skin-friendly, and cooling functional fiber materials with pet health products [1] - The goal is to create a well-known brand in the pet functional fiber materials sector, addressing the growing demand in the pet health industry [1]