Group 1 - The core point of the article is that Hengbo Co., Ltd. (301225.SZ) plans to indirectly invest in Kaizheng Automotive by establishing a joint venture, Jiangsu Hengbo Kaizheng Automotive Electronics Co., Ltd., to explore new growth opportunities in the automotive interior parts sector [1] - Hengbo will contribute RMB 10.2 million, holding a 51% stake in the joint venture, while Kaizheng Partnership will invest RMB 9.8 million for a 49% stake [1] - The joint venture aims to acquire 100% equity of Kaizheng Automotive, which has notable advantages in the research and design of surface treatment interior components [1] Group 2 - The establishment of the joint venture and acquisition of Kaizheng Automotive is intended to expand Hengbo's industrial value chain and enter the automotive interior parts market [1] - Following the completion of the transaction, both Jiangsu Hengbo Kaizheng and Kaizheng Automotive will be included in Hengbo's consolidated financial statements [1]