Shang Hai Zheng Quan Bao·2025-12-01 19:13Core Viewpoint - The company plans to establish a new investment fund, Shandong Kejin Jushi Venture Capital Partnership (Limited Partnership), with a total subscription scale of 400 million yuan, aiming to enhance its investment layout in life sciences, advanced manufacturing, and artificial intelligence sectors [2][5][25]. Summary by Sections 1. Investment Overview - The fund will have a total subscription scale of 400 million yuan, with the company contributing 148 million yuan, accounting for 37% of the total [2][23]. - The company's wholly-owned subsidiary, Shandong High-tech Venture Capital Co., Ltd., will act as the general partner and fund manager, contributing 2 million yuan (0.5%) [2][23]. - The company's associate, Shenzhen Huaxin Capital Management Co., Ltd., will also contribute 2 million yuan (0.5%) as a general partner [2][23]. - Another associate, Zibo High-tech Venture Capital Co., Ltd., will contribute 100 million yuan (25%) [2][23]. 2. Related Party Transactions - The investment constitutes a related party transaction as Huaxin Capital and Zibo High-tech are associated with the company [2][5][8]. - The transaction does not require shareholder approval as it does not exceed 5% of the company's latest audited net assets [3][6]. 3. Fund Details - The fund will have a duration of 5 years, with an investment period of 3 years and an exit period of 2 years [14]. - The fund will prioritize investments in high-quality projects nationwide, especially in Jinan and Zibo [17][18]. - The management fee will be capped at 2% per year during the investment period, with a minimum return rate of 6.5% per year for profit distribution [20][21]. 4. Impact on the Company - Establishing the fund is expected to strengthen the company's investment strategy in key sectors, aligning with its overall strategic goals [25]. 5. Approval Process - The related party transaction was reviewed and approved by the company's board of directors and independent directors, ensuring compliance with relevant regulations [27][30].