ST Lida: Subsidiary Jinzhai Jiayue intends to establish a joint venture company with affiliated party Jingyu Zhixian.

Sina Finance reported on March 30th that *ST Lingda announced that its wholly-owned subsidiary, Jinzhai Jiayue New Energy Technology Co., Ltd., has signed a "Cooperation Framework Agreement on the Establishment of a Joint Venture Company" with Jiangsu Jingyu Zhixian Technology Co., Ltd. The two parties intend to jointly invest in establishing a joint venture company to engage in the research, development, production, and sales of color filter films and new type display color film packaging module materials. The total registered capital of the joint venture company will be determined by both parties according to the actual investment needs of the project, operating capital needs, and other factors, not exceeding 50 million yuan. Jinzhai Jiayue intends to contribute in cash and hold a shareholding of not less than 51% of the registered capital of the joint venture company; Jingyu Zhixian intends to contribute its price-valued production line related to the business scope of the joint venture company and hold a shareholding of not more than 49% of the registered capital of the joint venture company, in principle.