002364SZSE

Announcement on Joint Investment with Professional Investment Institutions

✨ AI Summary

Hangzhou Zhongheng Electric Co., Ltd. announces its participation in the establishment of Jiaxing Yida Xingjian Venture Capital Partnership (Limited Partnership) with a total investment of RMB 151.5 million. The company will invest RMB 20 million as a limited partner, representing 13.2% of the total capital. The fund will focus on sectors like semiconductors and new energy, aiming to support the company's strategic goals and business expansion.

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Announcement on Joint Investment with Professional Investment Institutions

The company and all members of the board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free of false records, misleading statements, or major omissions.

Special Reminder:

  1. The joint investment project is currently in the preparatory stage and requires further procedures such as industrial and commercial registration and fund filing. The specific implementation progress and timeline are uncertain.
  2. Due to the long investment cycle and low liquidity characteristics of equity investment funds, this investment may face a long recovery period and uncertain returns. The partnership may be affected by macroeconomic conditions, industry cycles, regulatory policies, and the management of invested companies, potentially leading to failure to achieve expected returns, inability to exit in a timely and effective manner, or even investment failure and fund losses.
  3. The company's contribution accounts for 13.2% of the partnership's total committed capital, and it cannot exert significant influence over the partnership. The company will promptly understand the fund's operational status, closely monitor the implementation of investment projects, and fulfill its information disclosure obligations based on subsequent developments. Investors are advised to be aware of investment risks.
  4. The company's investment will be made using its own funds, and the investment amount will not affect the company's normal production and operation activities, nor will it have a significant impact on the company's financial and operating conditions.
  5. This investment does not involve industry competition, nor does it constitute a related party transaction or a major asset restructuring as defined by the relevant regulations.

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