The International Commercial Settlement Company issued a notice today stating that one of its wholly-owned subsidiaries, Chengtai Company, signed a cooperation agreement with a big shot named Chen Sanming on August 8, 2025, to jointly establish a new company.

After the establishment of this new company, Chengtai will hold 70% of the shares, making it the major shareholder, while Chen Sanming will hold 30%, making him the minor shareholder. What are they partnering up for? Primarily to engage in cryptocurrency-related business, though the specifics have not been detailed yet, but it will definitely involve digital currency and blockchain.

In short, this is two companies partnering to establish a business, with one providing the majority of the investment and the other the minority, looking to make some money in the cryptocurrency sector. With the current boom in the crypto market, they are likely seizing an opportunity to get a share of the profits. As for how exactly they will operate, that will depend on their future actions.