SUN.KING TECH (00580) plans to establish a joint venture company to invest in high-performance TPU AI chip-related business.

SUN.KING TECH (00580) announced that on September 9, 2026, Jiaxin Saijing, Saijing Semiconductor, Wuhan Langde, and other joint venture partners signed an investment cooperation agreement, according to which the joint venture partners will establish a joint venture company with a registered capital of RMB 20 million. Among them, Jiaxin Saijing, Saijing Semiconductor, and Wuhan Langde (all of which are subsidiaries of the company) will contribute a total of RMB 5 million (representing 25% of the joint venture company's equity) according to their respective equity ratios in the joint venture. The joint venture company will primarily engage in the research and development, production, and sales of high-performance TPU AI chips and industry inference products (including customized AI acceleration cards, edge inference industrial computers, high-performance AI workstations, and industry large model integrated machines). By establishing the joint venture company to jointly invest in high-performance TPU AI chip-related business, the partners can achieve complementary advantages in management experience and expertise in the chip business; on the other hand, it can assist the group in upgrading its business expansion in the AI field, expanding the groups industrial layout, and strengthening the group's competitiveness.