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Sungsheng Co., Ltd.: Establishes a joint venture with Xi'an Yimai Tongchuang and others with a registered capital of 30 million yuan, holding a 51% stake
Sungsheng Co., Ltd. announced that the company has signed a “Joint Venture Agreement” with Xi’an Yimai Tongchuang Consulting Service Partnership (Limited Partnership) and Xi’an Yimai Rui Power Technology Co., Ltd. to jointly invest in establishing Shenzhen Sungsheng Yimai Digital Energy Technology Co., Ltd. The joint venture has a registered capital of 30 million yuan, with Sungsheng Co., Ltd. contributing 15.3 million yuan in cash, holding 51%; Xi’an Yimai Tongchuang contributing 4.41 million yuan, holding 14.70%; and Xi’an Yimai Rui contributing 10.29 million yuan in technology, equipment, and cash, holding 34.30%. The joint venture will focus on the research and development, production, and sales of digital energy products such as server power supplies and AI power supplies.