Huagong Technology: Subsidiary Plans to Establish a Joint Venture Company Focusing on the Application of 3D Additive SLM Manufacturing Technology.

On the evening of May 14, Huagong Technology announced that its wholly-owned subsidiary, Huagong Laser, plans to establish a joint venture company, Suzhou Lihua Technology Co., Ltd., with Lihua Precision Technology Co., Ltd. and signed an "Investment Agreement". The joint venture company will integrate technology resources and industry ecological advantages, focusing on the deep application of 3D additive SLM manufacturing technology in multiple industries. The registered capital of the joint venture company is 200 million yuan, of which Huagong Laser will contribute 140 million yuan in cash, accounting for 70% of the registered capital.