According to CoinMeta, Shunyu Shares announced that its wholly-owned subsidiary, Anhui Shunyu Ecological Technology Co., Ltd., plans to jointly invest with Luzhou Xinglu Water Engineering Co., Ltd. to establish Luzhou Xinglu Shunyu Zhishui Technology Co., Ltd. (provisional name). The registered capital of the joint venture is 50 million yuan, of which Shunyu Ecology will subscribe for 24.5 million yuan, holding 49% of the shares; Xinglu Water Engineering will subscribe for 25.5 million yuan, holding 51% of the shares. This investment has been approved by the company's board of directors and does not require review by the shareholders' meeting. It does not constitute a related-party transaction or a major asset reorganization.