Core Viewpoint - The company, Henan Shenhuo Coal and Electricity Co., Ltd., has announced the establishment of a fund in collaboration with professional institutions to enhance its competitive advantage and explore new market opportunities through a "dual-driven" development strategy [1][3]. Fund Establishment Details - The company will contribute 1.2 billion yuan as a limited partner, while Henan Asset Management Co., Ltd. will contribute 300 million yuan, and Anhui Jiangkong Chuangfu Private Fund Management Co., Ltd. and Henan Asset Fund Management Co., Ltd. will contribute 10 million yuan and 2 million yuan respectively as general partners [1][4]. - The fund's establishment is subject to approval from the China Securities Investment Fund Association, and there are risks associated with not meeting the registration conditions [1][3]. Investment Purpose and Strategy - The investment aims to tap into opportunities within the national strategic emerging industries and future industries, providing a new platform for investment and development, thereby nurturing new profit growth points [3][4]. - The fund will not be included in the company's consolidated financial statements, and the company has communicated with its auditing firm regarding this matter [4][5]. Risk Factors - There are operational risks and potential losses associated with the fund's investments, which may not guarantee the preservation of the principal or minimum returns [1][4]. - The value of external investment projects may be influenced by various factors, including macroeconomic conditions, industry policies, market competition, and management [4][3]. Management and Oversight - The company will closely monitor the fund's operations, management, investment decisions, and post-investment management to mitigate risks and leverage its resources in the industry and capital markets [4][3]. - The fund's management fees will be based on the paid-in capital, with a maximum rate of 1.8% per year [2][4].