XHW(SH:603888) Zheng Quan Zhi Xing·2025-07-03 16:27Core Viewpoint - The company, Xinhua Net Co., Ltd., announces its full subsidiary, Xinhua Net Venture Capital Co., Ltd., has participated in the establishment of a partnership investment fund named Xinhua Net Shengshi Qingneng (Nantong) Equity Investment Fund Partnership (Limited Partnership) with several other investment firms, with a total subscription amount of RMB 35.01 million, where Xinhua Net Venture Capital contributes RMB 15 million [1][2][14]. Investment Overview - The partnership fund has a total subscribed capital of RMB 35.01 million, with Xinhua Net Venture Capital as a limited partner contributing RMB 15 million [1][2]. - The investment is aimed at leveraging professional institutions' resources and advantages in the investment field to achieve medium to long-term investment returns while controlling risks [13]. Partner Information - The general partner of the fund is Shanghai Shengshi Capital Management Co., Ltd., which has a registered capital of RMB 100 million and was established on November 15, 2018 [2][3]. - Other partners include Shanghai Changfeng Huixin Equity Investment Fund Management Co., Ltd., Nantong Shenghui Enterprise Management Partnership (Limited Partnership), Guangzhou Guodian Pingyun Capital Management Co., Ltd., and Luzhou Huijin Equity Investment Partnership (Limited Partnership) [1][2]. Financial Data - As of December 31, 2024, Shengshi Capital reported total assets of RMB 60.38 million and net assets of RMB 43.53 million [3][4]. - Xinhua Net Venture Capital reported total assets of RMB 127.63 million and net assets of RMB 121.76 million as of December 31, 2024 [5]. Investment Target - The fund will invest in Huisheng Clean Energy Technology Group Co., Ltd. [10]. Investment Decision Process - Investment decisions will follow the procedures outlined in the partnership agreement, particularly regarding conflicts of interest and related transactions [10]. Post-Investment Management - The fund manager will monitor the invested enterprises continuously and manage exit strategies according to the partnership agreement [10][12]. Revenue Distribution - The distribution of profits will follow a structured process, ensuring that all partners receive returns based on their contributions [11][12].