600735.SH announces that the wholly owned subsidiary, Qingdao Xinhua Automobile Trading Co., Ltd. intends to set up a second-hand car joint venture with Qingdao Holdings Carchs company in Japan to jointly develop the second-hand car export business. Recently, the new joint venture Qingdao New Chi Automobile Co., Ltd. has completed the business registration process and obtained a business license. Business scope includes general items: new energy vehicle sales, second-hand car dealers, second-hand car dealers, car rental, automobile and parts wholesale, machinery and equipment wholesale; computer hardware and software and auxiliary equipment wholesale; electronic components wholesale; real estate brokers; real estate consulting; real estate appraisal; conference and exhibition services; information consulting services (excluding licensing information consulting services); import and export of goods; technology import and export; trade brokers (except for legally approved projects, with business license to carry out business activities in accordance with the law).