Gelonghui November 14?HKUST Intelligence (300222.SZ) announced Public and holding subsidiary HKUST Digital (Shanghai) Energy Technology Co., Ltd. (referred to as "Digital Energy") plans to work with Ningbo Yuge Enterprise Management Partnership (Limited Partnership) (Ningbo Yuge), Ningbo Bole Enterprise Management Partnership (Limited Partnership) (referred to as "Ningbo Bole") jointly signed "Science and Technology Intelligent Technology Co., Ltd. And its subsidiary Science and Technology Digital (Shanghai) Energy Technology Co., Ltd. Ningbo Yuge Enterprise Management Partnership (Limited Partnership), Ningbo Bole Enterprise Management Partnership (Limited Partnership) Investment Cooperation Agreement" Digital Energy and Ningbo Yuge, Ningbo Bole jointly funded the establishment of a joint venture company (referred to as the "target company").

The registered capital of the target company is 10 million yuan, of which Digital Energy contributed 5.1 million yuan with its own capital, accounting for 51% of the total registered capital; Ningbo Yuge contributed 2.8 million yuan with its own capital, accounting for 28% of the total registered capital; Ningbo Bole contributed 2.1 million yuan with its own capital, accounting for 21% of the total registered capital.The target company is mainly engaged in photovoltaic, energy storage and other related business.

The company said that through digital energy, Ningbo Yuge and Ningbo Bole jointly set up the target company and a series of subsequent cooperation plans, in order to seize the historical development opportunities of the photovoltaic and energy storage industry, give full play to the company's advantages in technology, products and supply chain in the field of photovoltaic and energy storage business, and combine the overseas market resources and channel advantages of the joint venture. Rapidly promote the layout of the company's photovoltaic and energy storage related new energy business in the overseas market in order to seize the overseas market as soon as possible, so as to achieve the rapid, sustained and healthy development of the company's photovoltaic, energy storage and other new energy business, and improve the company's profitability.