The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
I. Basic Situation of the Fund Extension
On December 11, 2019, the board of directors of Hongli Zhihui Group Co., Ltd. (hereinafter referred to as "the Company") held the 11th meeting of the 4th board and approved the proposal on the transfer and subscription of investment fund shares, agreeing to subscribe for the subordinate shares of the Guangzhou Chuangyu Mingbo Venture Capital Fund Partnership (Limited Partnership) (hereinafter referred to as "the Industrial Fund," formerly known as "Foshan Chuangyu Mingbo Equity Investment Partnership (Limited Partnership)") with an investment of 20 million yuan. For specific details, please refer to the Company's announcements on the Giant Tide Information Network regarding the transfer and subscription of investment fund shares (Announcement No.: 2019-112) and the progress of the transfer and subscription (Announcement No.: 2019-120).