Shoujia Technology (00103) plans to establish a joint research institute for new materials with Xi'an Jiaotong University

Zhitong Finance App News, Shoujia Technology (00103) announced that on November 2, 2026, Shoujia New Materials and Shoujia Shanghai, a wholly-owned subsidiary of the company, signed a cooperation agreement with Xi'an Jiaotong University. Based on this, the contracting parties agreed to jointly establish a joint research institute for new materials for a period of five years, and to jointly carry out research and development, commercialization of research results, and talent development in the field of new materials.

According to the cooperation agreement, the total financial commitment during the five-year cooperation period is RMB 25 million, or RMB 5 million for each cooperation year. Among them, Shoujia New Materials will bear 70% (that is, RMB 3.5 million per year, for a total of RMB 17.5 million), while Shoujia Shanghai will bear 30% (that is, RMB 1.5 million per year, for a total of RMB 7.5 million).

The directors believe that this cooperation will enable the group to combine the university's scientific research capabilities and human resources with the group's industrialization and manufacturing capabilities to establish an enterprise-led innovation consortium and “scientist+engineer” team to solve technical problems in the field of new materials more efficiently.

According to reports, Shoujia New Materials is wholly-owned by Oriental Century. The company indirectly holds 50% of the shares, and Mr. Zhao Yue, the company's vice chairman, executive director and main shareholder, indirectly holds 50% of the shares.