Zhongyuan Tong (301516.SZ) plans to jointly expand the business of fast-charging stations for two-wheeled electric vehicles with Zhengfang Technology.

Zhijian Finance and Economics APP News, Zhongyuan Communication (301516.SZ) announced that in order to further promote and improve its business layout in the charging field, the company plans to jointly invest with Zhengzhou Zhengfang Technology Co., Ltd. (hereinafter referred to as "Zhengfang Technology") to establish a joint venture company, aiming to leverage their respective strengths to jointly expand the business of fast charging stations for electric motorcycles. The registered capital of the joint venture company is planned to be 10 million RMB, with the company's subscribed capital amounting to 5.1 million RMB, accounting for 51% of the registered capital of the joint venture company, and Zhengfang Technology's subscribed capital amounting to 4.9 million RMB, accounting for 49% of the registered capital of the joint venture company.