Baiwang Co., Ltd. (06657) plans to establish a joint venture to build a corporate credit technology and service business

Zhitong Finance App News, Baiwang Co., Ltd. (06657) issued an announcement. On September 14, 2026, the company signed investment agreements with Qicha Technology, Yancheng Hongqiao and Suzhou Baisheng. Based on this, the joint venture agreed to jointly fund the establishment of a joint venture to build an enterprise credit technology and service business. The registered capital of the joint venture is RMB 15 million, of which the company will pledge an investment of RMB 3 million in cash, accounting for 20% of the registered capital of the joint venture; Enterprise Search Technology will pledge RMB 7.65 million in cash, accounting for 51% of the registered capital of the joint venture; Yancheng Hongqiao will contribute RMB 1.95 million in cash, accounting for 13.3% of the registered capital of the joint venture; and Suzhou Baisheng will contribute RMB 2.355 million in cash, accounting for 15.7% of the joint venture's registered capital.

The joint venture plans to establish an independently operated enterprise credit technology and service company for the Chinese market to conduct business around corporate credit files, corporate credit scores and ratings, credit risk monitoring, commercial credit reports, credit decisions and related data products.

Enterprise investigation technology is an enterprise in the field of commercial data search. It has mature product development capabilities, data governance systems and data mining technology, covering multi-dimensional data such as business registration, judicial litigation, intellectual property rights, public opinion monitoring, financial data, and equity penetration, and has a large individual user base and high market popularity. The Group has long been deeply involved in digitalization of finance and taxation and data-driven enterprise analysis services. It has more than ten years of tax data accumulation, holds tax, consumption, social security and other data assets with high uniqueness and strong compliance barriers, and has a mature and stable channel system. The board of directors believes that joint ventures can combine the commercial data, product development, data governance and data mining capabilities of enterprise research technology with the group's fiscal and transaction data capabilities, enterprise customer channels and application scenarios to develop enterprise credit files, credit scores and ratings, credit risk monitoring, commercial credit reporting and credit decision-making products, which can help the group expand the application scenarios of enterprise credit technology and related data products, promote the complementary resources of various joint ventures, and share the potential development benefits of the joint venture under the company's controllable investment commitments.