Hongjing Technology (301396.SZ) plans to set up a joint venture company to vigorously develop computing power services business.

Intelligence Finance APP News, Hongjing Technology (301396.SZ) announcement, the company plans to jointly invest in the establishment of a joint venture company Shenzhen Hongjing Zongheng Technology Co., Ltd. ("Hongjing Zongheng") with the company's director and deputy general manager Xu Chi and other non-related parties. The registered capital of the joint venture company is planned to be 100 million RMB, of which the company plans to invest 55 million RMB with its own funds, accounting for 55% of the registered capital. After this investment is completed, the joint venture company will be included in the company's consolidated financial statements.