Baiwang Co., Ltd. (06657.HK) plans to establish a joint venture to build an enterprise credit technology and services business.

Zhitong Finance APP News, Baiwang Co., Ltd. (06657.HK) announced that on September 14, 2026, the company entered into an investment agreement with Qichacha Technology, Yancheng Hongqiao, and Suzhou Baisheng, pursuant to which the joint venture parties agreed to jointly contribute capital to establish a joint venture company to build an enterprise credit technology and services business. The registered capital of the joint venture company is RMB 15 million, of which the company will subscribe to contribute RMB 3 million in cash, accounting for 20% of the registered capital of the joint venture company; Qichacha Technology will subscribe to contribute RMB 7.65 million in cash, accounting for 51% of the registered capital of the joint venture company; Yancheng Hongqiao will subscribe to contribute RMB 1.995 million in cash, accounting for 13.3% of the registered capital of the joint venture company; and Suzhou Baisheng will subscribe to contribute RMB 2.355 million in cash, accounting for 15.7% of the registered capital of the joint venture company.