Core Viewpoint - The company plans to invest RMB 30 million in the Shanghai Haiwang Hezhong Private Equity Fund, which focuses on growth and mature enterprises in key industries such as integrated circuits, high-end manufacturing, and biomedicine, aligning with the company's main business [1][2][3] Investment Overview - The investment will be made as a limited partner (LP) in the Haiwang Hezhong fund, which has a total subscription amount of RMB 2.11 billion, with the company's contribution representing 1.4218% of the total [3][7] - The investment is intended to leverage the expertise and resources of professional investment institutions to optimize the company's investment structure and capture industry opportunities [2][15] Related Party Transactions - The investment involves a related party transaction as Shanghai Pudong Haiwang Private Fund Management Co., Ltd., the general partner (GP) of the fund, is associated with the company through an external director [1][4] - The transaction does not constitute a major asset restructuring as defined by regulations [1][4] Decision and Approval Process - The investment was approved by the company's board of directors and independent directors, with the related party abstaining from the vote, and does not require shareholder approval [2][17] - The independent directors believe the investment will enhance the company's ecological layout in the industry chain and is conducted on fair and reasonable terms [17] Fund Management and Structure - The fund will have a lifespan of 8 years, with a 5-year investment period followed by an exit period, during which the GP can extend the investment or exit periods under certain conditions [7][13] - The management fee for the fund is set at 2% per year, based on the partners' subscribed capital during the investment period [9][10] Financial Impact - The investment will not be consolidated into the company's financial statements and is expected to have no adverse impact on the company's operations or financial health [15][16] - The company will fulfill its capital contribution obligations as per the GP's payment notice [3][16]
康希通信: 康希通信关于参与投资私募基金暨关联交易的公告