Zhitong Finance App News, Zhenlan Instrument (301303.SZ) announced that the company reached a strategic cooperation with Changchun Hengtai Safety Service Development Co., Ltd. (“Changchun Hengtai”), a wholly-owned subsidiary of Changchun Gas Group Co., Ltd. (“Changtian Group”). The two parties signed an “Investment Cooperation Agreement” to jointly invest 50 million yuan to establish Changchun Lantai Intelligent Technology Co., Ltd. (tentative name, “Changchun Lantai” or “Joint Venture”). The company holds 60% of Changchun Lantai's shares.

According to reports, the company's foreign investment is to establish a joint venture to comprehensively utilize the advantages and resources of the company and all parties of the Changtian Group to produce and sell products such as gas meters, flow meters, bellows, etc., to further expand product services for Changtian Group's gas business and enhance its ability to support various services.