National United Resources Holdings Limited (254) announced that its indirect wholly owned subsidiary, Shenzhen Shiji Chuanglian Resources Technology Service Co., Ltd., entered into a Joint Venture Agreement with Huihua Culture Investment Development (Shenzhen) Co., Ltd. and Asia-Pacific Investment and Financing (Hainan) Investment Group Co., Ltd. on October 27, 2025. The joint venture (JV) will have a total registered capital of RMB100,000,000, with Shiji Chuanglian contributing RMB35,000,000 (35%), Huihua Culture contributing RMB45,000,000 (45%), and APIF contributing RMB20,000,000 (20%).

The JV will focus on investments in cultural tourism, health, consumer goods, health products, and new energy. A three-seat board of directors will be formed, with each party nominating one member. Profits will be distributed in proportion to each partner’s capital contribution. The JV is expected to be recorded as an associate of National United Resources Holdings Limited.

According to Chapter 14 of the Listing Rules, the transaction constitutes a discloseable transaction for National United Resources Holdings Limited, requiring reporting and announcement but exempt from shareholder approval. The company’s management stated that establishing the JV aligns with diversification objectives and risk-sharing strategies through district-specific partnerships in cultural tourism and other growth sectors.