Core Viewpoint - Shanghai Shibei Hi-Tech Co., Ltd. is participating in the establishment of a partnership investment fund named Zhongbao Investment Xinsichuang (Jiaxing) Equity Investment Partnership (Limited Partnership) with several other companies, contributing RMB 40 million, which accounts for 18.10% of the total subscribed capital of RMB 221.05 million [2][4][26]. Group 1: Investment Details - The partnership fund's total subscribed capital is RMB 221.05 million, with the company contributing RMB 40 million [2][4]. - The investment agreement was signed on November 20, 2025, and the company will act as a limited partner [2][4]. - The investment aims to enhance the company's industrial investment efforts and expand its investment and incubation system [4]. Group 2: Board Approval and Compliance - The investment has been approved by the company's board of directors and does not require shareholder approval [3][5]. - The transaction does not constitute a related party transaction or a major asset restructuring as per regulatory definitions [3][6]. Group 3: Fund Management and Structure - The fund is managed by Zhongbao Investment, which was established in December 2015 and focuses on long-term strategic investments [8]. - The partnership agreement outlines the management and decision-making processes, including the rights and obligations of both general and limited partners [18][20][25]. Group 4: Financial Impact and Risk Management - The company's investment risk exposure is limited to its subscribed capital of RMB 40 million, and the investment aligns with the company's main business without causing competition [27]. - The fund's investment cycle is long, and liquidity is low, which may be influenced by various factors including macroeconomic conditions and industry cycles [28].

上海市北高新股份有限公司 关于参与投资设立中保投信思创（嘉兴）股权投资合 伙企业（有限合伙）的公告 证券代码：600604 900902 证券简称：市北高新 市北 B 股 公告编号：2025-046 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 上海市北高新股份有限公司（以下简称"公司"或"市北高新"）与上海静 安产业引导股权投资基金有限公司（以下简称"静安投资"）、上海静投股权投资 基金管理有限公司（以下简称"静投股权"）、新华网创业投资有限公司（以下简 称"新华网创投"）、中保投资（深圳）有限责任公司（以下简称"中保投资（深圳）"） 及中保投资有限责任公司（以下简称"中保投资"）共同投资设立中保投信思创（嘉 兴）股权投资合伙企业（有限合伙）（以下简称"合伙企业"或"基金"），并于 2025 年 11 月 20 日签署了《中保投信思创（嘉兴）股权投资合伙企业（有限合伙）合 伙协议》（以下简称"合伙协议"或"协议"）。合伙企业总认缴出资额为人民币 22,105.050505 万元，公司作为合伙企业的有限合伙人 ...

Core Viewpoint - The company, Shibei Gaoxin (600604.SH), has announced a joint investment with several partners to establish a private equity partnership named Zhongbao Toxin Sichuang (Jiaxing) with a total subscribed capital of RMB 221 million [1] Group 1: Investment Details - The company will contribute RMB 40 million as a limited partner, representing 18.10% of the total subscribed capital of the fund [1]

Core Viewpoint - The company, Shibei Gaoxin (600604.SH), has announced its participation in establishing a joint investment partnership named Zhongbao Toxin Sichuang (Jiaxing) with several other investors, indicating a strategic move to enhance its investment portfolio [1] Group 1: Investment Details - The total subscribed capital for the partnership amounts to RMB 221 million [1] - The company will contribute RMB 40 million as a limited partner, representing 18.10% of the total subscribed capital [1] - The partnership agreement was signed on November 20, 2025, highlighting the company's commitment to long-term investment strategies [1]

Core Viewpoint - The company has announced a joint investment to establish a partnership fund with several other investment firms, indicating a strategic move to enhance its investment portfolio and leverage collaborative opportunities in the market [1] Group 1: Investment Details - The total subscribed capital for the partnership fund is RMB 221 million [1] - The company, as a limited partner, has committed RMB 40 million, which represents 18.10% of the total subscribed capital [1]

Core Viewpoint - The stock of Shibei High-tech has shown a significant increase in price and trading activity, indicating potential investor interest and market dynamics [1][2]. Company Overview - Shibei High-tech, established on November 10, 1993, and listed on March 27, 1992, is located at 286 Jiangchang 3rd Road, Shanghai. The company primarily engages in the development and operation of industrial park carriers and investment in industries [1]. Financial Performance - For the period from January to September 2025, Shibei High-tech reported revenue of 816 million yuan, reflecting a year-on-year growth of 8.58%. However, the net profit attributable to shareholders was -187 million yuan, a significant decrease of 91.50% compared to the previous year [2]. - The company has distributed a total of 298 million yuan in dividends since its A-share listing, with 28.1 million yuan distributed over the past three years [3]. Stock Performance - As of November 14, the stock price of Shibei High-tech increased by 2.01%, reaching 6.08 yuan per share, with a total market capitalization of 11.39 billion yuan. The stock has risen by 28.00% year-to-date [1]. - The stock has appeared on the trading leaderboard four times this year, with the most recent instance on July 18, where it recorded a net buy of -27.04 million yuan [1]. Shareholder Structure - As of September 30, 2025, the number of shareholders for Shibei High-tech was 86,400, a decrease of 0.52% from the previous period. The top three circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 2.23 million shares [2][3].

Group 1 - The company aims to adhere to the core philosophy of "innovation-driven, transformation development" in 2024 [2] - The operational model will be driven by a dual approach of "real estate + investment" [2] - The company plans to leverage the "cloud data intelligence chain" industrial ecosystem to accelerate the layout of new future industry tracks such as "digital communication valley" and "audio-visual silent realm" [2] Group 2 - The company is committed to advancing the construction of the "urban digital economy demonstration park" in the Shibei High-tech Zone [2]

Group 1 - The company utilizes industrial investment funds as leverage to achieve deep integration of industry and capital [2] - The approach aims to promote efficient connections between technology enterprises and financial capital [2] - The strategy focuses on capital support and industrial empowerment [2]

Core Insights - The company is leveraging an "industry investment fund" model to enhance the connection between technology enterprises and financial capital, aiming to foster a robust ecosystem for blockchain and ultra-high-definition video industries [2] Group 1: Investment Strategy - The company employs a "base + fund" and "investment + incubation" operational model to drive its industry investments [2] - By utilizing capital support and industry empowerment, the company aims to facilitate efficient connections between technology companies and financial resources [2] Group 2: Ecosystem Development - The company is focused on creating a comprehensive, collaborative, and open ecosystem for innovation in the blockchain and ultra-high-definition video sectors [2] - The strategy includes driving industrial investment to attract more businesses and empower enterprise development within the park's industrial ecosystem [2]

Core Points - The company held its second extraordinary general meeting of shareholders on November 11, 2025, with no resolutions being rejected [2][4] - The meeting was chaired by the company's chairman, Sun Zhongfeng, and followed legal and procedural requirements [2][3] - All current directors and supervisors attended the meeting, ensuring full representation [3] Meeting Details - The meeting took place at the Shanghai Beike Innovation Conference Center [2] - Voting was conducted through a combination of on-site and online methods, complying with the Company Law and the company's articles of association [2] Resolutions Passed - The following resolutions were approved: 1. Reappointment of the accounting firm [4] 2. Abolishment of the supervisory board and amendments to the articles of association [4] 3. Amendments to related governance systems [5] 4. Amendments to the rules of board meetings [5] 5. Amendments to the implementation details of the cumulative voting system [5] Legal Verification - The meeting was witnessed by Guohao Law Firm, confirming that all procedures and voting results were legitimate and valid [5][6]