WCE plans to invest 1.1 million yuan to establish a joint venture company to engage in sustainable aviation fuel-related businesses

According to the announcement from ZhiTong Finance APP, WCE (001332.SZ) announced that on July 28, 2025, it signed an "Investment Framework Agreement" with individual Diao Yuxiang and Shanghai Carbon Life Technology Co., Ltd. (referred to as "Shanghai Carbon Life") to jointly invest in the establishment of a limited liability company. The registered capital of the joint venture company is RMB 5 million, of which Diao Yuxiang will contribute RMB 2.75 million, accounting for 55% of the registered capital; the company will contribute RMB 1.1 million, accounting for 22% of the registered capital, with the funds sourced from the company's own funds; and Shanghai Carbon Life will contribute RMB 1.15 million, accounting for 23% of the registered capital.

According to the announcement, this external investment to establish a joint venture company is based on the complementary technologies and industrial synergy among the three parties, engaging in the manufacturing processes, technologies, and equipment related to sustainable aviation fuel. The aim is to reduce the production costs of sustainable aviation fuel through technological innovation and strive to achieve market application of sustainable aviation fuel technologies and products. During the cooperation process, the company will provide technical and manufacturing support for some core production equipment used in the synthetic manufacturing of sustainable aviation fuel, which is beneficial for expanding the company's products and technologies into new application fields