Gelonghui, May 10, 丨 Boya Precision (300971.SZ) announced that it intends to integrate the superior resources of all parties through a joint venture to establish a subsidiary to establish Xiangyang Boya Smart Drive Equipment Technology Co., Ltd. (“Boya Smart Drive” for short) through foreign investment with its own capital. Boya Smart Drive's registered capital is RMB 20 million, of which Boya Precision has pledged an investment of 12 million yuan with its own funds, accounting for 60% of its registered capital. After the investment is completed, Boya Smart Drive will become a holding subsidiary of Boya Seiko.
The investment will help enrich the company's new product development and industrialization system guided by market demand. The target company will focus on integrated equipment products centered on electric drive technology to provide innovative solutions for industrial equipment upgrades. Through the establishment of a holding company, we effectively integrate the superior resources of all parties, give full play to the potential of core technical talents, promote business development, accelerate the company's strategic layout, enhance the company's overall competitiveness, and achieve the goal of joint construction, sharing and win-win situation.