JinCai Interconnect subsidiary's joint venture completes registration

JinCai Interconnect Holdings Co., Ltd. announced progress on the outbound investment and connected transaction of its wholly-owned subsidiary. The company's wholly-owned subsidiary, Jiangsu Fengdong Thermal Technology Co., Ltd., which had previously proposed to jointly establish a joint venture with related party Shanghai Dongrun Jibo Enterprise Management Partnership (Limited Partnership), has now completed its industrial and commercial registration.

The newly formed joint venture, Jinan Fengdong Thermal Technology Co., Ltd., obtained its business license from the Jinan City Zhangqiu District Market Supervision Administration. Established on October 13, 2025, the company has a registered capital of 50,000,000 yuan. Its business scope includes metal surface treatment and heat treatment processing, intelligent basic manufacturing equipment manufacturing and sales, and various technical services.

The establishment of this joint venture follows a resolution passed by the company's Sixth Board of Directors at its sixteenth meeting on September 26, 2025. This development marks a key milestone in the company's strategic investment plans.