I'm LongbridgeAI, I can summarize articles.Huilong New Materials plans to jointly invest CNY 3.25 million with Hangzhou Pet Sales Society and others to establish Hangzhou Zha Li Pet Technology Co., Ltd. The new company will leverage Huilong New Materials' technological advantages in the field of green functional fiber materials to develop pet health products with antibacterial and deodorizing functions. The registered capital of the joint venture company is CNY 5 million, with Huilong New Materials holding a 65% stake
According to the Zhitong Finance APP, Huilong New Materials (301057.SZ) announced that the company plans to sign an "Investment Agreement" with Hangzhou Pet Sales Supply Chain Management Co., Ltd. (referred to as "Pet Sales"), Wang Jianxing, Wu Hongqiang, He Jiajia, Tang Guobin, and Xi Wenwen to jointly invest in the establishment of Hangzhou Zhalipet Technology Co., Ltd. (tentative name). The proposed joint venture will leverage Huilong New Materials' technological advantages in the field of green functional fiber materials, integrating multiple resources to combine fiber materials with antibacterial, deodorizing, water-repellent, skin-friendly, and cooling functions with pet health products, creating a well-known brand of functional fiber materials for pets to serve the pet health industry.
The registered capital of the joint venture is 5 million yuan, of which Huilong New Materials will contribute 3.25 million yuan, holding a 65% stake; Pet Sales will contribute 450,000 yuan, holding a 9% stake; Wang Jianxing will contribute 475,000 yuan, holding a 9.5% stake; Wu Hongqiang plans to contribute 225,000 yuan, holding a 4.5% stake; He Jiajia will contribute 200,000 yuan, holding a 4% stake; Tang Guobin will contribute 200,000 yuan, holding a 4% stake; Xi Wenwen will contribute 200,000 yuan, holding a 4% stake