Qianli Tech advances investment in intelligent driving joint venture

Chongqing Qianli Technology has announced progress in its strategic investment in the intelligent driving sector. Its subsidiary, Chongqing Zhiqi Xinwang Enterprise Management, and other parties have collectively established Chongqing Jianghe Qixing Enterprise Management Partnership (Limited Partnership). This partnership has now completed a capital increase in Chongqing Qianli Zhijia Technology, an intelligent driving joint venture. The registered capital of Qianli Zhijia Technology is now CNY 200 million, with Qianli Zhiqi Xinwang holding a 30% stake. Other shareholders include Maichi Zhixing (Chongqing) Technology (30%), Zhejiang Jirun Automobile (30%), Ningbo Lotus Robotics (5%) and Chongqing Zhijiang Zhongwang Enterprise Management Consulting Partnership (5%). Qianli Tech will continue monitoring the progress of the transaction and fulfill information disclosure obligations.