XWANDA: Plans to invest 4 million yuan to establish a joint venture, holding a 40% stake.

date
12/08/2026
XINWANGDA announced that the company reviewed and approved a proposal on August 11, 2026, to jointly invest 10 million yuan with Dianlian Technology, Shenzhen Lithium Security, and Xincheng Zhiyuan to establish Xincheng Digital. Among them, the company plans to subscribe for 4 million yuan, accounting for 40%. Since Shenzhen Lithium Security is a related party of the company, this investment constitutes a related party transaction, does not constitute a major asset restructuring, and does not need to be submitted for approval by the shareholders' meeting and relevant authorities. All parties will contribute capital according to the needs of the joint venture company, and the total amount will be fully paid within five years at the latest from the date of establishment.