Zhitong Finance App News, Follett (601865.SH) issued an announcement. According to the company's strategic development and business collaboration needs, the company plans to jointly fund the establishment of Shanghai Fujie New Materials Co., Ltd. (“Shanghai Fujie”) with a registered capital of 50 million yuan, of which the company plans to use cash to invest 20 million yuan and hold 40% of Shanghai Fujie's shares. Affiliated parties and investments plan to invest 30 million yuan in cash and hold 60% of Shanghai Fujie's shares.

Zhitong Finance App News, Follett (601865.SH) issued an announcement. According to the company's strategic development and business collaboration needs, the company plans to jointly fund the establishment of Shanghai Fujie New Materials Co., Ltd. (“Shanghai Fujie”) with a registered capital of 50 million yuan, of which the company plans to use cash to invest 20 million yuan and hold 40% of Shanghai Fujie's shares. Affiliated parties and investments plan to invest 30 million yuan in cash and hold 60% of Shanghai Fujie's shares.