Gelonghui, April 2, 丨 Zhenlan Instrument (301303.SZ) announced that in order to consolidate business development, Shanghai Zhenlan Precision Mold Co., Ltd. (“Precision Mold”), a wholly-owned subsidiary of Shanghai Zhenlan Instrument Technology Co., Ltd., reached a cooperation agreement with Mr. Gu Jinluan. The two sides signed an “Investment Cooperation Agreement” to jointly invest 10 million yuan to establish Wuhu Yu Xinhui Precision Plastic Technology Co., Ltd. (the provisional name of the joint venture company), based on the results of industrial and commercial registration approval, hereinafter referred to as “Yu Xinhui” or “Joint Venture”), where precision molds hold 80% of Yuhui Equity.

The target company is mainly engaged in auto parts injection molding, stamping and other related businesses. The two sides combine their superior resources to work together in market development, product development, supply chain, etc. to achieve the optimal development of the target company. After the establishment of the target company is completed, it is planned to launch the target company's production and operation business at No. 4666 Sunshine Avenue, Wanjiao District, Wuhu City.