Da Ming City (600094.SH) establishes a joint venture company to promote the construction of a low-altitude inter-city smart hub airport project.

Smart Financial News APP, the announcement of Daming City (600094.SH), on the basis of the "Strategic Cooperation Framework Agreement" signed by the company with Aviation Development Company and Zhonghang Jincheng on June 26, 2024, after negotiation, signed a "Cooperation Agreement" and jointly established a joint venture company - Fujian Interurban Low Altitude Airport Investment Co., Ltd. The registered capital of the joint venture company is 100 million yuan. All parties agreed that the proportion of contributions at the time of registration of the joint venture company is: the company's subscribed capital is 66 million yuan, accounting for 66% of the company's registered capital; Aviation Development Company's subscribed capital is 34 million yuan, accounting for 34% of the company's registered capital. The joint venture company has completed industrial and commercial registration.