According to the report from Zhitong Finance APP, Shunyu Co., Ltd. (301519.SZ) announced that the company plans to jointly invest with partners Tianjin Capital Environmental Protection Group Co., Ltd. and China Railway Shanghai Engineering Bureau Group Co., Ltd. to establish Wuhu Chuanghuan Water Affairs Co., Ltd. (tentative name, referred to as "Chuanghuan Water Affairs"). The company also plans to jointly invest with partner Changfeng Smart Water Affairs Group Co., Ltd. to establish Hefei Fengyu Water Affairs Technology Co., Ltd. (tentative name, referred to as "Fengyu Water Affairs"). Chuanghuan Water Affairs has a registered capital of 55.4 million yuan, of which the company subscribes to 19.39 million yuan and holds 35% of the joint venture. Fengyu Water Affairs has a registered capital of 0.1 billion yuan, of which the company subscribes to 49 million yuan and holds 49% of the joint venture.

It is understood that the company's external investment to establish the joint venture is based on the actual needs of business development and aims to expand around the company's main business, which is conducive to promoting the gradual implementation of the company's mid- to long-term strategic planning.