Zhejiang Xiantong: Signed an investment cooperation framework agreement with Haohai Starry Sky, which is a new business that the company has not yet developed and carries uncertainty risks
Zhejiang Xiantong signed an investment cooperation framework agreement with Haohai Xingkong, which belongs to a new business that has not yet been launched and carries uncertainty risks. The agreement is a framework agreement and does not involve specific businesses, orders, or amounts, and must be approved by the board of directors. The cooperation matters are unrelated to the company's main business, Haohai Xingkong is a new legal entity, the industry is highly competitive, and there are risks in future cooperation and business development
According to the announcement from Zhejiang Xiantong (603239.SH) regarding stock price fluctuations, the "Investment Cooperation Framework Agreement" signed with Haohai Xingkong is merely a framework agreement and does not involve specific business, orders, or amounts. There is uncertainty regarding the specific cooperation matters and implementation progress. A formal agreement still needs to be signed, and it must be approved by the board of directors, which carries uncertainty risks; this cooperation is related to the robotics business and is unrelated to the company's current main business, representing a new business that the company has not yet developed, posing uncertainty risks for the company's future operations; Haohai Xingkong completed its business registration on May 15, 2025. It is a new legal entity, and the company is currently in its startup phase. The industry in which the target company operates faces intense market competition, and there are uncertainty risks regarding future business development and future cooperation with the company; the plan to establish a joint venture may also be affected by operational risks of the joint venture, industry competition risks, product and technological innovation risks, and other factors, leading to investments falling short of expectations
