000681SZSE

Progress Announcement on Investment by Wholly-Owned Subsidiary and Professional Investment Institutions

Visual China Group Co., Ltd.··8 pages

✨ AI Summary

This announcement details the progress of an investment partnership between Beijing Huaxia Visual Technology Group and Huagai Chuangying. The Tianjin Fund's expected subscription scale is 550 million RMB, with Beijing Huaxia contributing 500 million RMB. Recent changes include the addition of new limited partners and a name change for the fund, which is now officially registered.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Securities Code: 000681
Securities Abbreviation: Vision China
Announcement Number: 2026-053

Vision China Cultural Development Co., Ltd. (hereinafter referred to as "the Company" or "this Company") and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.

On June 3, 2026, the Company held the 18th meeting of the President's Office in 2026, where it reviewed and approved the proposal regarding the changes to the Shengsheng Buxi (Tianjin) Equity Investment Partnership (Limited Partnership). The specific situation is announced as follows:

1. Investment Overview

On January 5, 2026, the Company held the first meeting of the President's Office in 2026, where it reviewed and approved the proposal for joint investment by its wholly-owned subsidiary, Beijing Huaxia Visual Technology Group Co., Ltd. (hereinafter referred to as "Beijing Huaxia"), and Beijing Huagai Chuangying Private Fund Management Co., Ltd. (hereinafter referred to as "Huagai Chuangying") to establish the Shengsheng Buxi (Tianjin) Intelligent Technology Partnership (Limited Partnership) (hereinafter referred to as "Tianjin Fund"). The Tianjin Fund is expected to have a subscription scale of 500 million RMB, with an initial subscription of 50.5 million RMB. Beijing Huaxia acts as a limited partner of the Tianjin Fund, contributing 50 million RMB, accounting for 99%, while Huagai Chuangying serves as the general partner, contributing 500,000 RMB, accounting for 1%. For detailed content, please refer to the announcement titled "Vision China: Announcement on Joint Investment by Wholly-Owned Subsidiary and Professional Investment Institutions" (Announcement Number: 2026-002) published on January 6, 2026, in the China Securities Journal, Shanghai Securities Journal, Securities Daily, and the Giant Tide Information Network.

In March 2026, the Company received a notification from Huagai Chuangying regarding the fundraising situation of the Tianjin Fund, proposing to add new limited partners: Tianjin Zhexin Enterprise Management Partnership (Limited Partnership), Liu Wei, and Huang Min, and to amend certain terms of the Partnership Agreement of Shengsheng Buxi (Tianjin) Intelligent Technology Partnership (Limited Partnership) (hereinafter referred to as "the Partnership Agreement"). The subscription scale of the Tianjin Fund was changed from 50.5 million RMB to 55 million RMB. According to the relevant provisions of the Shenzhen Stock Exchange Listing Rules and the Articles of Association, this transaction is within the approval scope of the Company's President's Office and has been approved at the 9th meeting of the President's Office in 2026. For detailed content, please refer to the announcement titled "Vision China: Progress Announcement on Joint Investment by Wholly-Owned Subsidiary and Professional Investment Institutions" (Announcement Number: 2026-027) published on March 18, 2026, in the China Securities Journal, Shanghai Securities Journal, Securities Daily, and the Giant Tide Information Network.

In April 2026, the Company received a notification from Huagai Chuangying that the Shengsheng Buxi (Tianjin) Intelligent Technology Partnership (Limited Partnership) intends to change its name to Shengsheng Buxi (Tianjin) Equity Investment Partnership (Limited Partnership) (subject to final approval by the industry and commerce authorities). For detailed content, please refer to the announcement titled "Vision China: Progress Announcement on Asset Sale to Investment Fund" (Announcement Number: 2026-043) published on April 25, 2026, in the China Securities Journal, Shanghai Securities Journal, Securities Daily, and the Giant Tide Information Network.

In May 2026, the Company received a notification from Huagai Chuangying that the registration of the Shengsheng Buxi (Tianjin) Equity Investment Partnership (Limited Partnership) fund has been completed. For detailed content, please refer to the announcement titled "Vision China: Announcement on Completion of Fund Registration for Joint Investment by Wholly-Owned Subsidiary and Professional Investment Institutions" (Announcement Number: 2026-050) published on May 23, 2026, in the China Securities Journal, Shanghai Securities Journal, Securities Daily, and the Giant Tide Information Network.

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.