Core Viewpoint - Hengchang Group International (01421) has announced the establishment of a joint venture with its subsidiaries, focusing on the high-end perovskite equipment sector in China, which aligns with the company's strategic growth in the solar photovoltaic industry [1] Group Structure and Operations - The joint venture agreement involves Huge Act and Shengde International, with Huge Act holding a 51% stake and Shengde International holding 49% [1] - The joint venture will be a subsidiary of the company, consolidating its financial performance into the group's financial statements [1] - The joint venture will operate solely as an investment holding company and will not engage in any business operations [1] Industry Focus and Growth Potential - The company is closely monitoring the latest developments in third-generation perovskite equipment within the photovoltaic industry to explore new opportunities [1] - The board believes that the perovskite market has strong growth prospects, making the establishment of the joint venture a strategic move for future development [1] - The formation of the joint venture is seen as an excellent opportunity to expand the company's solar photovoltaic business [1]

Group 1 - The core announcement involves the establishment of a joint venture agreement between 恒昌集团国际 (01421) and its partners, 盛吉有限公司 and Huge Act, which outlines the rights and obligations of the shareholders and the operational structure of the joint venture [1] - After the subscription of new shares in the joint venture, Huge Act and 盛得国际 will hold 51% and 49% ownership respectively, making the joint venture a subsidiary of the company with 51% equity interest [1] - The joint venture will serve as an investment holding company and will not engage in any operational activities, focusing instead on the high-end perovskite equipment sector in China through 鑫锐腾 [1] Group 2 - The company is closely monitoring the latest developments in the third-generation perovskite equipment within the photovoltaic industry to explore new opportunities as part of its ongoing business expansion [1] - The board believes that the perovskite market has strong growth prospects, and the establishment of the joint venture aligns with the company's business development strategy and industry growth plans [1] - The formation of the joint venture is seen as an excellent opportunity to expand the company's solar photovoltaic business [1]