Fuan Shares' Joint Venture Subsidiary Focuses on Computing Power Leasing, Yet to Commence Operations

Fuan Shares: Joint Venture Subsidiary Shanghai Fuan Jitie Technology Co., Ltd. Focuses on Computing Power Equipment Leasing, Has Not Commenced Operations

Fuan Shares announced that the company's main business includes cast steel parts for the equipment manufacturing industry and flue gas treatment in the environmental protection sector. The company's 2024 profits mainly come from its stake in Sichuan Ruian New Materials Technology Co., Ltd. Affected by price fluctuations in the lithium battery industry and other factors, future profitability is uncertain. In June 2024, the company established a joint venture subsidiary, Shanghai Fuan Jitie Technology Co., Ltd., with its primary business being the leasing of computing power equipment. As of the date of this announcement, the subsidiary has not commenced operations, no funds have been invested, and there is no related equipment. Whether it will engage in relevant business in the future remains highly uncertain.