Hangzhou Garden: Planning to establish a joint venture company with a proposed investment of 20 million RMB, holding 51% of the shares.

Hangzhou Garden announced that the company plans to jointly invest with Qing Wei Intelligent, Daoke Zhisuan, and Xinjiyuan Information to establish a joint venture company with a registered capital of 20 million yuan. Hangzhou Garden will subscribe 10.2 million yuan and hold 51% of the shares. The joint venture company is tentatively named Hang Wei Tian Suan Intelligent Technology Co., Ltd., aiming to solve the pain points of garden design and promote the transformation and upgrading of the company. Currently, the joint venture company is in the preparatory stage, and the establishment registration needs to be approved by the market supervision department. There is uncertainty in the business promotion and achievement.