300058SZSE

Announcement on Investment by Wholly-Owned Subsidiary with Professional Investment Institution

✨ AI Summary

Beijing BlueFocus Data Technology Group Co., Ltd. announces that its wholly-owned subsidiary, BLUEMEDIA PTE.LTD., will invest $1 million in AGI House Ventures Fund I, LP. This investment does not constitute a related party transaction and has been approved by the management without board review. The investment aims to enhance resource acquisition and management efficiency, contributing to the company's long-term strategic goals.

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Full Translation

AI Translation· azure_openai

Beijing BlueFocus Data Technology Group Co., Ltd. (hereinafter referred to as "the Company") guarantees that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.

I. Basic Overview

The Company's wholly-owned subsidiary, BLUEMEDIA PTE.LTD., will invest $1 million in AGI House Ventures Fund I, LP (hereinafter referred to as "AGI Fund"). According to the Shenzhen Stock Exchange's GEM Listing Rules and the Company's Articles of Association, this investment is an external investment made by the wholly-owned subsidiary using its own funds, and it does not constitute a related party transaction or involve significant asset restructuring as defined by the Measures for the Administration of Major Asset Restructuring of Listed Companies. This proposal has been approved by the general manager's office and does not require board review.

II. Basic Information of the Professional Investment Institution

  • Company Name: AGI House Ventures GP, LLC
  • Company Type: Limited Liability Company
  • Registered Location: Delaware, USA
  • Business Registration Number: 7592070
  • Address: 16192 Coastal Highway, Lewes, Delaware 19958, County of Sussex
  • Establishment Date: July 27, 2023
  • General Partner: Rocky Yu, founder of AGI House Ventures, with extensive experience in investment, entrepreneurship, and technology management in AI, information technology, education, and software sectors. He is deeply involved in the construction and operation of the AGI House community and leads fund investment decisions.

Relationship Disclosure

AGI House Ventures GP, LLC has no relationship or interest arrangement with the Company or its directors and senior management, and does not hold any shares in the Company directly or indirectly. As of the date of this announcement, the AGI Fund is still in the fundraising phase and has not completed the fundraising of all shares. If any other limited partners participating in the investment fund have a relationship with the Company in the future, the Company will fulfill its disclosure obligations in a timely manner. AGI House Ventures GP, LLC has completed the registration and filing procedures in accordance with relevant laws, regulations, and industry rules.

III. Basic Information of the Investment Target and Main Terms of the Agreement

(1) Fund Basic Information

  • Fund Name: AGI House Ventures Fund I, L.P.
  • Fund Size: Up to $50 million
  • Organizational Form: Limited Partnership
  • Duration: 10 years from the final closing date (unless extended or terminated)
  • Registered Location: Delaware, USA
  • General Partner: AGI House Ventures GP, LLC
  • Investment Objective: The fund's core investment strategy focuses on the AI ecosystem, primarily investing in high-quality projects from the AGI House community, covering AI infrastructure, generative AI, AI application tools, and other areas.

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