Zhitong Finance App News, Xintian Technology (300615.SZ) announced that due to business development needs, the company signed a “Joint Venture Contract” with Dongguan Yunzhizhu Consulting Center (Limited Partnership). The company established Dongguan Ace Communication Technology Co., Ltd. (hereinafter referred to as “Ace Communications”) as a joint venture with Dongguan Yunzhizhu Consulting Center (limited partnership) with its own capital. Dongguan Ace Communications Technology Co., Ltd. has a registered capital of RMB 50 million, of which the company invested 30 million yuan and held 60% of its shares, while Dongguan Yunzhizhu Consulting Center (limited partnership) invested 20 million yuan and held 40% of its shares. On December 27, 2024, Ace Communications completed the industrial and commercial registration procedure and obtained a business license issued by the Dongguan Municipal Administration of Market Supervision.

The establishment of a joint venture with other partners is based on the company's future development needs. It will give full play to the respective advantages of all investors, help all parties establish stable cooperative relationships, enhance the company's competitiveness, increase business scale, and promote the company's sustainable and healthy development.