Shanxi Installation Group Co. Ltd. has announced the formation of a joint venture with Shanghai Jingyu Environmental Engineering Co., Ltd. and Shanxi Infrastructure. Under the agreement signed on February 3, 2026, the three parties will establish a new joint venture to invest in a BOO (Build-Own-Operate) project. Shanxi Installation Group will hold a 55% stake in the joint venture with a capital contribution of RMB 43.8962 million, while Shanghai Jingyu and Shanxi Infrastructure will hold 35% and 10% stakes, contributing RMB 27.9339 million and RMB 7.9811 million, respectively. The joint venture will focus on investment, construction, operation and management of projects related to water pollution control, wastewater treatment and recycling, solid waste management, and other environmental services.

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