Zhitong Finance App News, Renrui Talent (06919) announced that on July 15, 2026, Shanghai Renhui, an indirect wholly-owned subsidiary of the company, signed an equity transfer agreement and joint venture termination agreement with Boyan Technology (Shanghai).
Shanghai Renhui and Hiroyan Technology (Shanghai) signed a joint venture agreement to establish Ruibo Co-Creation on March 7, 2025. On July 15, 2026, Shanghai Renhui (as the buyer) signed an equity transfer agreement with Hiroyan Technology (Shanghai) (as the seller). Shanghai Renhui agreed to acquire 30.0% of Ruibo's shares held by Hiroyan Technology (Shanghai) from Hiroyan Technology (Shanghai) at a cost of about 2.997,800 yuan.
After the equity transfer agreement is completed, Ruibo Co-Creation will become an indirect wholly-owned subsidiary of the company, and its financial results will continue to be incorporated into the Group's financial statements.
According to the joint venture termination agreement, the joint venture agreement and other historical joint venture documents between Shanghai Renhui and Hiroyan Technology (Shanghai) regarding the establishment and operation of Ruibo Co-Creation shall be terminated and invalidated after the completion of the equity transfer agreement.
According to the announcement, the acquisition of the remaining 30.0% of Ruibo Co-Creation's shares will enable the Group to fully control Ruibo Co-Creation and enjoy greater flexibility in its management; while terminating the joint venture agreement will simplify the governance structure and eliminate any potential restrictions brought about by the joint venture arrangement.