Core Viewpoint - Zhongwei Zhima (08041.HK) announced the establishment of a joint venture in mainland China with Nanjing Zhongke, aiming to develop and sell anti-counterfeiting technology products [1] Group 1 - The joint venture will be owned 51% by Huicui (Hong Kong) and 49% by Nanjing Zhongke [1] - Huicui (Hong Kong) will control the board of directors of the joint venture [1] - The joint venture will be accounted for as a subsidiary of the company [1]

Core Viewpoint - The company announced a framework agreement to establish a joint venture in mainland China, focusing on the development and sales of anti-counterfeiting technology products [1] Group 1 - The joint venture will be established between the company's wholly-owned subsidiary, Huicui (Hong Kong), and Nanjing Zhongke, with Huicui (Hong Kong) holding 51% and Nanjing Zhongke holding 49% [1] - Huicui (Hong Kong) will control the board of directors of the joint venture, which will be accounted for as a subsidiary of the company [1] - Nanjing Zhongke is controlled by the company's chairman and executive director, Mr. Zhang Weihong, making it a related party of the company [1]

Core Viewpoint - The company Zhongwei Zhima (08041) has announced a framework agreement to establish a joint venture in mainland China, focusing on the development and sales of anti-counterfeiting technology products [1] Group 1: Joint Venture Details - The joint venture will be established between the company's wholly-owned subsidiary Huicui (Hong Kong) and Nanjing Zhongke, with Huicui (Hong Kong) holding 51% and Nanjing Zhongke holding 49% of the shares [1] - Huicui (Hong Kong) will control the board of directors of the joint venture, which will be accounted for as a subsidiary of the company [1] Group 2: Related Party Information - Nanjing Zhongke is controlled by Zhang Weihong, who is the chairman and executive director of the company, making Nanjing Zhongke a related party [1]

Group 1 - The company has signed a non-binding memorandum of understanding with Nanjing Zhongke Micropoint Group Co., Ltd. to explore mutual business opportunities focusing on advanced anti-counterfeiting technology products [1] - The collaboration aims to utilize advanced research to produce secure and traceable barcodes, enhancing product integrity and global consumer trust [1] - The board believes that the project will establish multiple independent data and production centers across several provinces in China, allowing the company to participate as a consultant in interior renovation projects for these centers [1] Group 2 - The strategic partnership is expected to leverage Hong Kong's advantages as a free port and its expertise in trade and banking, facilitating international operations and market expansion [1] - This collaboration represents a strategic shift in the company's business focus towards the high-tech industry, particularly in security and identification technology [1] - The board believes that the memorandum will help diversify the company's business segments while continuing to provide core renovation services, aligning with the interests of the company and its shareholders [1] Group 3 - In light of the strategic cooperation and to better reflect the new business direction, the board has proposed changing the company's English name to "Zhongke Micropoint (Group) Co., Ltd." and adopting "中科微点(集团)有限公司" as the second name [2]