Core Viewpoint - The company announced the establishment of a joint venture, Ningbo Shangfeng Cement Co., Ltd., with a registered capital of 20 million yuan, aimed at enhancing its production capacity and operational efficiency in the cement industry [1] Group 1: Joint Venture Details - Shangfeng Cement's wholly-owned subsidiary, Zhejiang Shangfeng Building Materials Co., Ltd., will hold a 51% stake in the joint venture, while Ningbo Economic and Technological Development Zone Kaiyuan Development Investment Co., Ltd. will hold 49% [1] - The joint venture plans to lease a 5,000-ton multi-purpose terminal and associated facilities from Yongxin Port Development Co., Ltd. to support its operations [1] Group 2: Production Capacity Expansion - The company intends to relocate and rebuild a cement grinding production line with an annual capacity of 1.2 million tons [1] - The project has completed most of the preliminary administrative approval work, indicating readiness for construction [1] Group 3: Capital Increase and Asset Acquisition - Shangfeng Building Materials and Ningbo Kaiyuan plan to increase the registered capital of Ningbo Shangfeng by 40 million yuan, raising it from 20 million yuan to 60 million yuan [1] - The funds from the capital increase will be used for technical transformation of the Yongxin Port terminal and the acquisition of production capacity indicators and related assets from Ningbo Daxie Wanhua Thermal Power Building Materials Co., Ltd., totaling approximately 72.03 million yuan [1]

Core Viewpoint - The company plans to increase its capital in Ningbo Shangfeng Cement Co., Ltd. by 40 million yuan, raising its registered capital from 20 million yuan to 60 million yuan, primarily to acquire assets related to cement production and storage [1] Group 1 - The capital increase will be executed in cash according to the investment ratio with the joint venture partner [1] - The funds from the capital increase will be used to acquire production capacity indicators and related assets from Ningbo Daxie Wanhua Thermal Power Building Materials Co., Ltd., which includes a cement grinding capacity of 1.2 million tons per year and a storage project for 600,000 tons of ultra-fine powder [1] - The total acquisition amount for the aforementioned assets is 72.0302 million yuan [1]