Emerging Foundry: plans to participate with 175 million yuan to establish a supply chain company, holding a 35% stake.

date
20/01/2026
Emerging Foundry announced that the company plans to jointly invest in the establishment of Eming Jihua Supply Chain Co., Ltd. with its own funds and its controlling shareholder, Emerging Jihua Group, and its subsidiary Jihua Corporation, with a registered capital of 500 million yuan. Among them, Emerging Foundry will contribute 175 million yuan, holding 35%; the group company will contribute 200 million yuan, accounting for 40%; Jihua Corporation will contribute 125 million yuan, accounting for 25%. This related party transaction does not constitute a major asset restructuring and does not require approval by the shareholders' meeting. The transaction aims to improve procurement and supply chain management capabilities and reduce costs while increasing efficiency. From January 1, 2026 to the date of the announcement, the company and the group have accumulated related party transactions of 117 million yuan, and transactions with Jihua Corporation totaling 648,500 yuan.