Announcement on Joint Investment by the Company and its Wholly-Owned Subsidiary with Professional Investment Institutions
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false representations, misleading statements, or material omissions.
1. Overview of Joint Investment with Professional Investment Institutions
Shenzhen and Tai Smart Control Co., Ltd. (hereinafter referred to as the "Company") as a limited partner, recently signed the "Jiaxing Jianchi Houze Equity Investment Partnership (Limited Partnership) Partnership Agreement" (hereinafter referred to as the "Partnership Agreement") with Yinghe Jianshuo (Beijing) Private Equity Fund Management Co., Ltd., Hangzhou Nuowu Microelectronics Co., Ltd., and other limited partners. The total committed capital of the partnership is RMB 131.68 million. The Company, as a limited partner, intends to contribute RMB 30 million of its own funds, accounting for 22.78% of the total committed capital of the partnership (hereinafter referred to as "Investment Matter One").
Shenzhen and Tai Qianhai Investment Co., Ltd. (hereinafter referred to as "Qianhai Investment"), a wholly-owned subsidiary of the Company, intends to act as a limited partner and jointly invest with Wuchan Zhongda Jun'an (Hangzhou) Private Equity Fund Management Co., Ltd. (hereinafter referred to as "Wuchan Zhongda Jun'an"), Wenzhou Gongchuang Zherun Enterprise Management Consulting Co., Ltd. (hereinafter referred to as "Gongchuang Zherun Management"), and Hangzhou Zefeng Equity Investment Partnership (Limited Partnership) and other limited partners to establish Jun'an and Tai (Hangzhou) Equity Investment Partnership (Limited Partnership) (tentative name, subject to final approval by the industrial and commercial registration authority, hereinafter referred to as "Jun'an and Tai" and "Industrial Investment Fund"). The total committed capital of Jun'an and Tai is RMB 205 million. Qianhai Investment, as a limited partner, intends to contribute RMB 40 million of its own funds, accounting for 19.51% of the total committed capital of Jun'an and Tai (hereinafter referred to as "Investment Matter Two").