Beijing Digital City Government Technology Co., Ltd.
EGOVEGOVA Co., Ltd.
Stock Code: 300075 Stock Abbreviation: Digital City Government Announcement No.: 2026-032
Announcement on External Investment to Establish a Joint Venture and Related Party Transaction
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Risk Warning:
The project construction and operation period involved in the proposed establishment of the joint venture is relatively long. The initial stage will focus on project construction investment and operational preparation costs, and revenue and profit release will require a certain period. The future customer expansion and order acquisition situation of the project is still uncertain, and the actual order scale, revenue, and profit may be lower than expected. The project implementation may be affected by external factors such as macroeconomic conditions, industrial policies, and market environment. After the completion of this investment, the Company's shareholding ratio in the joint venture will be 40%. The joint venture will be an associate of the Company, and the Company will not form a control over the joint venture. Investors are advised to invest rationally and pay attention to investment risks.
I. Overview of Related Party Transactions
Beijing Digital City Government Technology Co., Ltd. (hereinafter referred to as the "Company") held the 17th meeting of the Sixth Board of Directors on August 6, 2026, and reviewed and approved the "Proposal on External Investment to Establish a Joint Venture and Related Party Transaction."
(I) Basic Situation of External Investment
To promote the Company's computing power business layout, Beijing Ventong Zhisuan Technology Co., Ltd. (hereinafter referred to as "Ventong Zhisuan"), a wholly-owned subsidiary of the Company, intends to jointly invest with Beijing Zhongshu Botong Technology Industry Group Co., Ltd. (hereinafter referred to as "Zhongshu Botong") and Tianshu Zhisuan (Hebei) Artificial Intelligence Technology Partnership (Limited Partnership) (hereinafter referred to as "Tianshu Zhisuan") to establish a joint venture company to invest in and construct a computing power center project in Chicheng County, Zhangjiakou City, Hebei Province. The registered capital of the joint venture company will be RMB 50 million, all of which will be contributed in cash. Among them, Ventong Zhisuan intends to contribute RMB 20 million, Zhongshu Botong intends to contribute RMB 20 million, and Tianshu Zhisuan intends to contribute RMB 10 million.
(II) Explanation of Related Party Relationship
Beijing Ventong Data Technology Co., Ltd., a wholly-owned subsidiary of the Company, holds a 10% equity interest in Zhongshu Botong, and Mr. Wang Dong, Director and President of the Company, serves as a director of Zhongshu Botong. According to the "Shenzhen Stock Exchange GEM Stock Listing Rules" and other relevant regulations, Zhongshu Botong is a related legal person of the Company, and this joint investment constitutes a related party transaction.
(III) Deliberation Procedures
On August 6, 2026, the 17th meeting of the Sixth Board of Directors of the Company was held, and the "Proposal on External Investment to Establish a Joint Venture and Related Party Transaction" was reviewed and approved by 7 votes in favor, 1 vote abstained, and 0 votes against. Among the 8 directors present at the meeting, the related director Mr. Wang Dong recused himself from voting on the proposal. The 6th Extraordinary Independent Directors' Special Meeting of the Sixth Board of Directors of the Company was held in advance and reviewed and approved the "Proposal on External Investment to Establish a Joint Venture and Related Party Transaction," considering that the voting procedures for this proposal comply with laws, regulations, and the "Company Articles of Association," and the decision-making procedures are legal and valid.
This transaction does not require submission to the Company's shareholders' meeting for review. This transaction does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies," nor does it constitute a restructuring and listing.