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Canaan Intelligence: The holding subsidiary has a registered capital of 20 million yuan, with Jachen New Energy holding a 70% stake.
The registered capital of the joint venture is RMB 20 million, of which Jachen New Energy contributed RMB 14 million with its own funds and self-raised funds, accounting for 70.00% of the registered capital; Nyingchi City Investment contributed RMB 6 million in cash, accounting for 30.00% of the registered capital.
After the establishment of the joint venture, it will become a controlling subsidiary of the company and will be included in the consolidated financial statements.