On November 22, Gelonghui reported that Beijing Egova Technology Co., Ltd. (300075.SZ) announced its intention to invest in establishing a subsidiary in Jinan City, Shandong Province based on the development of the company's business scale and operational needs. The proposed registered name of the subsidiary is Zhengtong Shuke Urban Services (Shandong) Co., Ltd. (subject to business registration), with a registered capital of 0.1 billion yuan, using the company's own funds for capital contribution, holding a 100% stake.
The company will center around Zhengtong Shuke and widely attract professional technical talents, coordinate and allocate resources in the northern markets, focus on expanding new digital infrastructure construction and operation services centered around the AI intelligent computing center, and carry out research and development as well as implementation of core applications for smart cities such as unified management of urban operations, urban operation management services, safety operation of urban lifelines, grassroots social governance, and also provide integrated operation services for urban spatial data updates, urban physical examination indicator data services, and urban evaluation data services.