Shannon Core Technology (300475.SZ) plans to jointly establish a joint venture company with Lingjingyun.

Wisdom Finance and Economics APP News, Shannonxin (300475.SZ) announced that on August 12, 2025, the company ("Party B") signed a "Joint Venture Agreement" with Wuxi Lingjingyun Information Technology Co., Ltd. ("Lingjingyun", "Party A") with the intention of jointly establishing Wuxi Xinwei Zhisuan Technology Co., Ltd. (the name is subject to the final approval of the industry and commerce registration department, hereinafter referred to as the "Joint Venture Company", "Target Company"). The establishment of the joint venture company aims to respond to national policy guidelines, integrate various technologies, scenarios, and capital resources, create regional low-cost, green digital infrastructure, and support industrial intelligent upgrades and digital economic development. The registered capital of the proposed joint venture company is RMB 120 million, with the company contributing RMB 30 million from its own funds, accounting for 25% of the registered capital of the joint venture company.