According to the news from Zhitong Finance APP, RENRUI HR (06919) announced that on March 7, 2025, Shanghai Renhui (the company's indirect wholly-owned subsidiary) entered into a joint venture agreement with BEYONDSOFT (Shanghai) to establish a joint venture to provide information technology and digital talent services. The joint venture will be held by Shanghai Renhui and BEYONDSOFT (Shanghai) with 70.0% and 30.0% equity, respectively. After the establishment of the joint venture, it will become a subsidiary of the company, and its financial performance will be consolidated into the group's financial statements.

The registered capital of the joint venture is RMB 10 million, of which Shanghai Renhui and BEYONDSOFT (Shanghai) have agreed to contribute RMB 7 million and RMB 3 million, respectively, accounting for 70.0% and 30.0% of the registered capital of the joint venture. Each joint venture partner will contribute in cash and will pay the full amount within three working days after the joint venture agreement takes effect and the joint venture opens a bank account.

In addition, the group will occasionally inject capital into the joint venture through interest-bearing bank entrusted loans of up to RMB 3.2 million (i.e., shareholder loans) for the general working capital of the joint venture, but a separate agreement must be established.

The announcement stated that BEYONDSOFT mainly engages in software and information technology services. After more than 30 years of development, it has accumulated a large number of high-quality clients and established long-term business relationships with various industry clients. As BEYONDSOFT plans to focus on software and information technology services in the future and provide clients with one-stop solutions, it has agreed to recommend clients in need of information technology and digital talent services to the joint venture and/or subcontract some existing contracts for providing information technology and digital talent services to the joint venture based on business conditions according to the joint venture agreement. Therefore, the establishment of the joint venture presents a good opportunity for the group to leverage BEYONDSOFT's existing resources and technical capabilities to gain reputable clients and further expand information technology and digital talent services to bring new growth momentum to the group's digital technology and cloud services. On the other hand, the group plans to leverage its strong recruitment and management capabilities in information technology and digital talent to further expand the business referred to and subcontracted to the joint venture