Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-11 22:47Investment Overview - Gansu Shangfeng Cement Co., Ltd. has established a joint venture investment fund, Hefei Cunxin Integrated Circuit Investment Partnership (Limited Partnership), with a total investment of RMB 250 million, where the company holds an 83.06% stake [1] - The fund primarily invested in Hefei Jinghe Integrated Circuit Co., Ltd. [1] Fund Distribution Details - From October 2024 to January 2025, Hefei Cunxin gradually reduced its holdings in Jinghe Integrated Circuit, resulting in total distributions to the company amounting to RMB 431,072,022.87, with a net gain of RMB 166,072,022.87 after costs [3] Fund Liquidation and Deregistration - The fund has completed its liquidation process as all investment projects have exited, and the remaining distributable amounts have been allocated according to the partnership agreement [4] - The company has received confirmation of the fund's deregistration from the relevant authorities, and this process does not constitute a related party transaction or a major asset restructuring [4] Impact of Liquidation on the Company - The liquidation and deregistration of Hefei Cunxin will not materially affect the company's financial status or daily operations, nor will it harm the interests of shareholders, particularly minority shareholders [5] - The distributions received from the fund are expected to positively impact the company's profits for the fiscal year 2025 [5]