SHANGHAI FUDAN (01385) plans to invest 17.5 million yuan to establish a joint venture with Zhuoyuan Ruixin, Zhuoyuan Yuxin, Zhou Jun, and Wang Yanzheng.

SHANGHAI FUDAN (01385) announced that on August 17, 2026, the company entered into a shareholder agreement with ZHUOYUAN RUIXIN, ZHUOYUAN YUXIN, Mr. ZHOU JUN, and Mr. WANG YANZHENG to establish a joint venture company named Shanghai Zhuoyuan Hongxin Semiconductor in Shanghai, China. According to the shareholder agreement, the registered capital of the joint venture company is RMB 70 million, among which: (i) the company will contribute RMB 17.5 million; (ii) ZHUOYUAN RUIXIN will contribute RMB 19.21 million; (iii) ZHUOYUAN YUXIN will contribute RMB 13.3 million; (iv) Mr. ZHOU JUN will contribute RMB 13.33 million; and (v) Mr. WANG YANZHENG will contribute RMB 6.66 million. The company will contribute intangible assets to the joint venture, specifically valuing patents and other intangible assets at RMB 17.5 million. The integrated circuit industry is a paradigm of highly specialized cooperation. The companys initiative to operate the aging testing equipment business independently aligns with industry development trends and helps the company focus on its core business, reduce operational costs, and improve financial indicators. Furthermore, the independent operation of the aging testing equipment business will enhance its supply chain and cultivate stronger industry competitiveness. The company can also convert existing investments into equity of the joint venture, preventing asset idleness. After the aging testing equipment business operates independently, it will be able to utilize more capital and technical resources, with the potential for faster development. The company will only invest intangible assets related to the aging testing equipment, such as patents and proprietary technologies, resulting in lower investment risks and promising investment returns in the future.