Core Viewpoint - The company, Guangdong Lingyi Intelligent Manufacturing Co., Ltd., is participating as a limited partner in the Wenzhou Chaquan Venture Capital Partnership, with a total commitment of RMB 90 million, of which the company will contribute RMB 20 million, accounting for 21.98% of the total commitment [2][11]. Investment Overview - The company has signed a partnership agreement with several entities, including Ningbo Xuanli Enterprise Management Consulting Partnership, to jointly invest in the Chaquan Fund, with Ningbo Xuanli acting as the general partner [2][11]. - The total subscribed capital from all partners amounts to RMB 90 million, with the company as a limited partner contributing RMB 20 million [2][11]. Partner Information - The general partner and executive partner is Ningbo Xuanli, established on December 6, 2021, with a capital contribution of RMB 21 million [4][11]. - The fund manager, Shanghai Chaoxi Private Fund Management Co., Ltd., was established on December 23, 2015, with a registered capital of RMB 12.5 million [5][11]. Fund Structure and Management - The fund is structured as a limited partnership with a total capital of RMB 90 million, and the management will be handled by Shanghai Chaoxi [11][12]. - The fund's investment focus is on advanced equipment terminal manufacturing enterprises, aligning with the company's strategic goals [18]. Financial and Operational Impact - The investment will utilize the company's own funds and is not expected to significantly impact the company's financial status or operational results in the short term [18]. - The company will not participate in the decision-making process of the fund's investment projects, limiting its exposure to operational risks [2][3]. Rights and Obligations of Partners - Limited partners, including the company, will bear limited liability up to their capital contributions and will not engage in the fund's management or decision-making [15][16]. - The profit distribution mechanism will prioritize the return of capital to limited partners before any distribution to the general partner [16][17].