RONGDA announced that the company has established a joint venture, Shenzhen RONGDA Yicai Technology Co., Ltd., with Artience Co., Ltd., with a registered capital of 30 million yuan. RONGDA contributed 19.8 million yuan in cash, accounting for 66% of the registered capital; Artience contributed 10.2 million yuan in cash, accounting for 34% of the registered capital. The joint venture has completed industrial and commercial registration, the company type is a limited liability company, and the registered address is Room 602, Shenxin Taifeng Building, No. 86 Qianjin 1st Road, Lingzhi Garden Community, Xinan Street, Bao'an District, Shenzhen, with Yan Kai as the legal representative