C STRATEGIC TEC (01725.HK): Signs framework agreement to set up JV in digital anti-counterfeiting
NewTimeSpace News: On 31 August 2026, China Strategic Technology Group Limited (stock code: 01725) voluntarily announced that on 30 August 2026 it entered into a strategic cooperation framework agreement with Guangdong Gaochain Digital Technology Holdings Co., Ltd. (Gaochain) regarding a possible strategic cooperation in Guangzhou, Guangdong Province, the PRC, and the possible establishment of a limited liability company (the JV Company). The framework agreement does not create any legally binding obligations on either party in respect of the possible cooperation and establishment.
According to the agreement, the registered capital of the JV Company is proposed to be RMB 10 million, to be held by the Company and Gaochain as to 51% and 49% respectively, and upon completion of registration it will become a non-wholly-owned subsidiary of the Company, with both parties intending to contribute capital in cash in proportion to their shareholdings. The cooperation areas include digital anti-counterfeiting, traceability and platform products, smart hardware and electronic manufacturing and supply chain collaboration, and industry applications, market expansion and domestic and overseas business cooperation.
According to information provided by Gaochain, it has formed a number of intellectual property rights in anti-counterfeiting and traceability, IoT and industrial digitalisation applications, and has accumulated project experience in the liquor and consumer brand industries; such information remains subject to the Company's due diligence and independent verification. The establishment of the JV Company remains subject to the completion of internal approvals by both parties, the Company's due diligence with reasonably satisfactory results, and the approval or signing of the formal shareholders' agreement and articles of association, and entering into a formal agreement may constitute a notifiable transaction under the Listing Rules.
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