According to Zhikong Finance APP, Zheshang Development Group (000906.SZ) announced that the company is implementing its global strategy to deepen and solidify the energy chemical sector, fully leveraging the company's full industry chain management capabilities in the coal sector. It plans to sign the "Zhentuo Hexin Resources (Zhejiang) Co., Ltd. Joint Venture Agreement" with individual investors Wu Hao, Lu Yangqing, and Zhejiang Hexin Enterprise Management Partnership (Limited Partnership) (a management team shareholding platform established by Wu Hao and Lu Yangqing, subject to the name approved by the Administration for Industry and Commerce, referred to as 'Zhejiang Hexin') in the Xiaoshan Economic and Technological Development Zone of Hangzhou, Zhejiang Province. The company and Zhejiang Hexin plan to invest in the establishment of Zhentuo Hexin Resources (Zhejiang) Co., Ltd. (subject to the name approved by the Administration for Industry and Commerce, referred to as 'Zhentuo Hexin'). Zhentuo Hexin plans to have a registered capital of 0.285 billion yuan, with the company contributing 0.2 billion yuan for a 70% stake and Zhejiang Hexin contributing 85.5 million yuan for a 30% stake.