Summary by Moomoo AI
NEW FOCUS AUTOMOTIVE TECHNOLOGY HOLDINGS LIMITED (NEW FOCUS) SIGNED A SUPPLEMENTAL AGREEMENT WITH NEWTEC, NEWFOX (BEIJING), MIANYANG NEW INVESTMENT AND MIANYANG TECHNOLOGY CITY START-UP INVESTMENT FUND PARTNERSHIP (LIMITED PARTNERSHIP) ON DECEMBER 25, 2023 ANNOUNCING THE ACQUISITION OF A SUBSIDIARY OF MIANYANG WITH 99.01% INTEREST OWNED BY MIANYANG Tech City replaces Mianyang Xintou as a limited partner. Mianyang Technology City's main business is equity investment, investment and asset management, and should issue RMB145 million in instalments by 29 February 2024. The signing of this supplemental agreement does not change the other terms of the original partnership agreement and the partnership agreement will continue in effect.