Shunyu Co., Ltd. announced that Anhui Shunyu Ecological Technology Co., Ltd., a wholly-owned subsidiary of the company, plans to jointly fund the establishment of Luzhou Xinglu Shunyu Zhishui Technology Co., Ltd. with Luzhou Xinglu Water Engineering Co., Ltd. The joint venture has a registered capital of 50 million yuan, of which Shunyu Ecology has pledged 24.5 million yuan, holding 49% of the shares; Xinglu Water Engineering has pledged 25.5 million yuan, holding 51% of the shares. The investment matter has been reviewed and approved by the company's board of directors. There is no need to submit it to the shareholders' meeting for consideration, and it does not constitute a related transaction or major asset restructuring.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.