OK Science and Technology (001223.SZ) plans to jointly establish Qihang Huiying Investment with Guangdong Dp to enhance profitability.

OK Science and Technology (001223.SZ) announced that the company plans to jointly invest with Guangdong Dp (300808.SZ) to establish Qihang Huiying Investment (Shenzhen) Co., Ltd. (tentative name). The total investment amount of the joint venture company is 400 million RMB, with the company investing 200 million RMB from its own funds, accounting for 50% of the total investment; Guangdong Dp will also invest 200 million RMB from its own funds, accounting for 50% of the total investment. The joint venture company will be jointly controlled by the company and Guangdong Dp, and it will be considered an equity investment of the company, not included in the company's consolidated financial statements. This cooperation is beneficial for the company to further expand its resources in the industry's upstream and downstream sectors, as well as other industries, helping to enhance the company's competitiveness and profitability.