Core Viewpoint - The company, Guangxi Huaxi Nonferrous Metals Co., Ltd., is engaging in a joint investment with related parties to establish the Guangxi Key Metals Research Institute, with a total investment of 65 million yuan, representing a 13% ownership stake in the new entity [2][4]. Group 1: Investment Overview - The investment target is Guangxi Key Metals Research Institute, with a total registered capital of 50 million yuan [4]. - The company will contribute 65 million yuan through a combination of cash and 100% equity of its wholly-owned subsidiary, Liuzhou Huaxi Nonferrous Design Research Institute [2][4]. - The investment aims to leverage the company's resources and technology in the nonferrous metals sector to participate in the innovation network of the key metals industry [4][14]. Group 2: Transaction Details - This transaction is classified as a related party transaction and does not constitute a major asset restructuring [3][6]. - The company has not engaged in any related party transactions with Guangxi Key Metals Industry Development Group Co., Ltd. in the past 12 months [3][6]. - The board of directors has approved the investment without the need for shareholder meeting approval [5][19]. Group 3: Financial Contributions - The investment structure includes monetary contributions and equity from various stakeholders, with the company contributing 6.5 million yuan [14][15]. - Other stakeholders include Guangxi Financial and Economic Venture Capital Co., Ltd. and Central South University Science Park Development Co., Ltd., contributing through cash and intellectual property [10][14]. Group 4: Governance and Management - The Guangxi Key Metals Research Institute will have a shareholders' meeting as its highest authority and a board of directors for management [8]. - The management structure will be defined according to the institute's articles of association [8]. Group 5: Impact on the Company - The joint investment is expected to enhance the company's capabilities in high-end, intelligent, and green development within the key metals industry [16]. - The monetary contribution will not significantly impact the company's cash flow or financial performance [16].

Group 1 - The establishment of Jiangxi Hongqi Precision Casting Co., Ltd. has been registered with a legal representative named Xie Ling and a registered capital of 10 million RMB [1] - The company is jointly owned by Nanchang Hongdu Auto Parts Manufacturing Co., Ltd. (60% stake) and Jiangxi Jinrui Machinery Co., Ltd. (40% stake) [1] - The business scope includes non-ferrous metal casting, non-ferrous metal rolling processing, metal materials manufacturing and sales, mechanical parts processing and sales, and new material technology research and development [1] Group 2 - Jiangxi Hongqi Precision Casting Co., Ltd. is classified under the manufacturing industry, specifically in the metal products sector, focusing on structural metal products manufacturing [1] - The company is located in the Circular Economy Park Phase II, North of No. 1 Road, Fengcheng City, Yichun, Jiangxi Province [1] - The business registration is valid until December 30, 2025, with no fixed term thereafter [1]