Shang Hai Zheng Quan Bao·2026-02-02 18:39Core Viewpoint - ZTE Corporation has approved an investment of 117 million RMB in the Shaanxi Jianxing Zhanlu Equity Investment Partnership, aiming to support innovation and diversify risks in its strategic execution [1][6][23] Investment Details - ZTE Corporation will invest 117 million RMB as a limited partner in the Shaanxi Jianxing Zhanlu Equity Investment Partnership [7][18] - The investment was approved during the 19th meeting of the 10th Board of Directors held on February 2, 2026, with all 9 directors voting in favor [3][8] - The investment does not require shareholder approval and does not involve related party transactions or constitute a major asset restructuring [8][23] Partnership Information - The partnership includes several entities: Jianxin (Beijing) Investment Fund Management Co., Shaanxi Science and Technology Innovation Mother Fund, Wuxi High-tech Venture Capital Group, Shenzhen Yuanhua Investment Co., Silergy Semiconductor Technology (Hangzhou), and Shaanxi Yuanjie Semiconductor Technology Co. [9][12][17] - Jianxin (Beijing) is the general partner, while the other entities are limited partners [18] Fund Structure and Management - The fund has a total size of 300 million RMB, with cash contributions from all partners [18] - The fund will have a duration of 7 years, with an investment period not exceeding 4 years [18] - An investment decision committee will be established, consisting of 3 members, with ZTE appointing 1 member [20] Investment Focus - The fund will invest in sectors such as new generation information technology, renewable energy, artificial intelligence, and advanced manufacturing [19] - There are no specific requirements for the investment stage, allowing for investments in various types of enterprises [19] Profit Distribution and Fees - The fund will distribute profits based on a "return of capital first, then dividends" principle, with a 6% annual return on capital for partners [21] - Management fees will be 2% during the investment period and 1% during the exit period [22] Impact on ZTE Corporation - The investment is expected to support a broader range of innovative businesses and reduce costs, thereby enhancing the execution of ZTE's strategic goals [23]