Dongmu Co., Ltd. announced that Ningbo Dongmu Guangtai, a joint venture of the company, holds 5% of Shanghai Runshang Technology's shares. In order to use Ningbo's local talent support policy, the Shanghai Runshang Technology team determined that the company it set up in Ningbo as the core entity for subsequent operations. Existing research projects and cooperative businesses will gradually be transferred to Ningbo. Shanghai Runshang Technology will no longer carry out new business, and plans to commence liquidation and cancellation procedures. As of the announcement date, the liquidation and cancellation matters are still in progress.

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