Chinese Media(SH:600373) Zheng Quan Zhi Xing·2025-06-20 10:16Core Viewpoint - The company plans to invest in a private equity fund, enhancing its investment strategy and potentially increasing returns through professional management and diversified investment opportunities [1][12]. Group 1: Investment Overview - The company’s wholly-owned subsidiary, Blue Ocean Investment, intends to subscribe to the Nanchang Guochen Innovation No. 1 Equity Investment Partnership, with a planned investment of 0.40 billion yuan, representing 2.74% of the fund's total size of 14.61 billion yuan [1][3]. - This investment falls within the board-approved limit of 10.00 billion yuan for equity and securities investments, and the subscription amount constitutes 0.22% of the company's latest audited net assets [2][4]. - After this investment, Blue Ocean Investment will have utilized a total of 5.80 billion yuan of the special investment funds [2][4]. Group 2: Fund Details - The Nanchang Guochen Innovation No. 1 Fund is a limited partnership established by Shanghai Guochen Venture Capital Management Co., Ltd., with a duration of 7 years, including 4 years for investment and 3 years for exit [5][12]. - The fund has been registered with the China Securities Investment Fund Industry Association, with a registration number of SACZ28 [5][12]. - The fund's investment focus includes sectors such as intelligent manufacturing, high-end equipment, digital economy, and military industry, targeting next-generation key technologies [10][12]. Group 3: Management and Financial Structure - The fund management is conducted by Shanghai Guochen Venture Capital Management Co., Ltd., which has a registered capital of 15 million yuan and was established on May 23, 2023 [6][12]. - The management fee for the fund is set at an annual rate of 2%, calculated based on the total subscribed capital after deducting contributions from the general partner and special limited partners [11][12]. - The exit strategies for investments include IPOs, mergers and acquisitions by listed companies, and acquisitions by industrial companies [11][12]. Group 4: Strategic Impact - This investment is expected to improve the efficiency of the company's capital utilization and broaden its investment landscape, leveraging the expertise and resources of the fund management team [12]. - The decision to invest is made while ensuring that the company's core business operations remain unaffected, thus safeguarding the interests of the company and its shareholders [12].