Xinbo Co., Ltd. (003038.SZ) plans to establish an alloy materials research institute with joint funds.

Fintech News APP, Xinbo Shares (003038.SZ) announced that the company has signed a Cooperation Agreement on Alloy Materials Research Institute with Weichu New Materials Co., Ltd. ("Weichu New Materials"), Anhui Weichu Intelligent Manufacturing Co., Ltd. ("Anhui Weichu"), and Anhui Zhongxin Technology Co., Ltd. ("Zhongxin Technology"), intending to jointly invest in the establishment of Chuzhou Xinbo Alloy Materials Research Institute Co., Ltd. (tentative name).