Oriental Nations backs subsidiary, forms smart port joint venture

Business-Intelligence of Oriental Nations Corporation (SZSE:300166) has announced plans to provide a maximum of ¥350 million in joint and several liability guarantees for its newly acquired subsidiary, Zhongke Shitai (Nanjing) Technology Co., Ltd. ("Shitaoyun"), to support its computing power expansion project. Shitaoyun, which became a controlled subsidiary on September 9, 2025, has its other shareholders offering counter-guarantees. This guarantee, a related party transaction, was approved by the Board of Directors and Supervisors on September 10, 2025, and awaits shareholder approval on September 26, 2025.

In a separate move, the company will invest ¥90 million, representing a 30% stake, in a joint venture with Beijing Shunyi Financial Holding Co., Ltd. to establish Beijing Lingkong Smart Port Technology Co., Ltd. This new entity, with a registered capital of ¥300 million, will focus on computing power infrastructure and services, leveraging government resources and regional industry collaboration.

Following these approvals, the total guaranteed amount for the company and its controlled subsidiaries is set to reach ¥557.9 million, accounting for 92.19% of its audited net assets as of the end of 2024. The company views these initiatives as beneficial for business development and strategic growth, aiming to enhance industry application support and create a unified computing power scheduling and management platform.