Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-24 06:16Group 1 - The company, Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd., has partnered with SAIC Motor Corporation and Hengxu Capital to establish the "Yuanjie Fund" with a total investment of RMB 7.2 billion, aimed at high-end smart electric vehicle projects [1][2] - The company holds a 25% stake in the Yuanjie Fund, contributing RMB 1.8 billion, while SAIC Motor holds 74.986% with an investment of RMB 5.399 billion [1] - The Yuanjie Fund has signed an investment agreement with Zhiji Motor Technology Co., Ltd., committing to invest RMB 7.2 billion, which corresponds to the registered capital of Zhiji Motor [2] Group 2 - SAIC Motor plans to simplify its shareholding structure in Zhiji Motor by directly holding shares instead of through the Yuanjie Fund, resulting in a distribution of RMB 5.399 billion in registered capital to SAIC Motor [3] - Following this change, the Yuanjie Fund's total investment will decrease from RMB 7.2 billion to RMB 1.801 billion, and Hengxu Capital will transfer its entire stake to a designated company [3][4] - The Yuanjie Fund will continue to operate as a limited partnership with a focus on equity investment, with a duration of nine years, including three years for investment and four years for management exit [4][6] Group 3 - The company will see an increase of RMB 1 million in its investment in Zhiji Motor following the adjustments to the Yuanjie Fund, with no significant impact on its financial or operational status [7] - The management of the Yuanjie Fund will be entrusted to Shanghai Zhangjiang Haokai Venture Capital Co., Ltd., which will oversee investment decisions and due diligence processes [6]