China Art Fin (01572.HK) announced that the group has signed a new joint venture agreement ("New Joint Venture Agreement"). According to the New Joint Venture Agreement, the registered capital of the joint venture company is HKD 0.01 million, of which the company contributes HKD 5100, Fresh Dinghui Co., Limited contributes HKD 3400, and Zoomlion Digital Technology Group Co., Limited contributes HKD 1500, accounting for 51%, 34%, and 15% of the registered capital of the joint venture company respectively.

The purpose of establishing the joint venture company is to promote the development of all parties in the field of digital services for community retailing through cooperation. By integrating and cooperating the resources of all parties, the new business entity can expand its business scope and improve the efficiency of fund utilization.

Fresh Dinghui Co., Limited is based on community retail settlement business and provides supply chain services for household consumption to community residents. Its main business includes AI robots, digital community mall promotion, digital fresh supply chain organization (digital farms, digital central fresh food kitchens, digital farmers' markets, digital communities (commercial communities, residential communities), digital homes, and other industry chain scenarios.

Zoomlion Digital Technology Group Co., Limited assists in the digital transformation of industries and provides one-stop system solutions for various groups or core enterprises based on the integration of the entire industry chain. Its core business is digital innovation and supply chain services. The company adheres to the development concept of "industry-based, investment-oriented, innovation-driven," aggregates resources, gathers momentum, and comprehensively serves the real economy through industry operation, innovation platforms, and other sectors.