Zhejiang Zhengte announced that the company plans to jointly fund the establishment of Shenzhen Hemu Pet Technology Co., Ltd. with a registered capital of 10 million yuan with a registered capital of 10 million yuan, of which the company invested 6.9 million yuan, with a shareholding ratio of 69%, and Muhe Partners invested 3.1 million yuan, with a shareholding ratio of 31%. The matter was reviewed and approved by the 12th meeting of the fourth board of directors of the company and constituted a related transaction.

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