On December 4, Farsoon Technologies (688433.SH) announced its plan to jointly invest 100 million yuan with its related parties, Hunan Huayao Tengxing Technology Co., Ltd. and Hunan Jingrui Chuangzhi Technology Co., Ltd., to establish Hunan Xiangxing Digital Creation Co., Ltd. Farsoon Technologies will hold a 40% stake, investing 40 million yuan. The target company will expand into the 3D printing services sector, offering processing services in the field of civilian consumer goods (including but not limited to 3C products, automotive parts, precision components, etc.).
