China Wisdom Reach (688636.SH) plans to jointly invest with related parties to establish Chengdu Wisdom for New Ways Technology Co., Ltd.

The Zhimai (688636.SH) announced that, based on strategic planning and business development needs, for the purpose of expanding into new areas and new products, the company plans to jointly invest a total of 10 million yuan with Jiang Hu, Long Bo, Geng Jian, Li Wei, and the employee stock ownership platform (which has not yet been formally established) to establish a holding subsidiary Chengdu Zhiwei Xin Tu Technology Co., Ltd. (tentative name, subject to the final registration by the market supervision and management department). The company intends to subscribe for a total of 5.1 million yuan with its own funds, accounting for 51% of the target company's registered capital; Jiang Hu intends to subscribe for 1.764 million yuan with its own funds, accounting for 17.64% of the target company's registered capital; Long Bo intends to subscribe for 1.176 million yuan with its own funds, accounting for 11.76% of the target company's registered capital; Geng Jian intends to subscribe for 588,000 yuan with his own funds, accounting for 5.88% of the target company's registered capital; Li Wei intends to subscribe for 392,000 yuan with his own funds, accounting for 3.92% of the target company's registered capital; and the employee stock ownership platform (which has not yet been formally established) intends to subscribe for 980,000 yuan with its own funds, accounting for 9.8% of the target company's registered capital.