CIRC(01763) and CNNC NUCLEAR SCIENCE AND TECHNOLOGY CO., LTD. established a joint venture company CNNC RADIATION ORIGIN.

CIRC (01763) announced that on July 3, 2026, the company entered into a "Shareholders Agreement" with CNNC Nuclear Technology, establishing a joint venture company, CNNC Radiation Original. According to the "Shareholders Agreement," CNNC Radiation Original has a registered capital of RMB 10 million, of which the company will contribute RMB 6 million in cash, and CNNC Nuclear Technology will contribute RMB 4 million in cash. After the establishment of CNNC Radiation Original, the company and CNNC Nuclear Technology will respectively hold 60% and 40% of the equity in CNNC Radiation Original, which will become a non-wholly-owned subsidiary of the company. As a specialized company in the application of nuclear technology in the CNNC Group, the establishment of CNNC Radiation Original as an accelerator equipment company through the "Shareholders Agreement" is an active expansion of the upstream industrial chain. It is a key step for the company to coordinate its sources and enhance its control over the industrial chain, thereby realizing the strengthening and complementing of key links in the application of nuclear technology industry. Based on radiation technology, CNNC Radiation Original will continuously enrich its product pipeline, forming an industrial and medical full coverage, high, medium, and low-end full sequence, multi-energy level, multi-scenario product matrix. It will continuously apply these products to practical or demonstration scenarios, aiming to become a leader in comprehensive solutions in the field of radiation applications and contribute new strength to the company.