Zhongji Xuchuang's wholly-owned subsidiary plans to invest 50 million yuan for a 3.28% stake in Guanghe Phase III Fund

Zhongji Xuchuang announced that its wholly-owned subsidiary, Zhongji Xuchuang (Shanghai) Investment Co., Ltd., plans to invest 50 million yuan of its own funds to subscribe for a capital contribution in Hangzhou Guanghe Phase III Venture Capital Partnership (Limited Partnership), becoming a limited partner in the partnership and holding a 3.28% stake after the investment. The total capital contribution of the fund after this investment will be 1.526 billion yuan. This investment is within the approval authority of the company's president and does not require deliberation by the board of directors or shareholders' meeting, does not involve related party transactions, and does not constitute a major asset restructuring. The fund primarily invests in early and growth-stage projects in fields such as artificial intelligence, hard technology, new materials, green technology, medical technology, green low-carbon, and frontier technology, with an initial duration of 8 years, the first 4 years being the investment period. The company stated that this investment will continue to expand its investment layout in the technology sector and will not have a significant impact on operating performance in the short term.

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