Group 1 - The company, Henan Shenhua Coal and Electricity Co., Ltd., has approved the establishment of a partnership fund with a total investment of 1.512 billion yuan, with the company contributing 1.2 billion yuan as a limited partner [2][3] - The partnership fund aims to invest in key mineral resources, new materials, intelligent manufacturing, new energy, and smart connected vehicles, aligning with national strategic emerging industries [4][5] - The partnership agreement stipulates a ten-year duration for the fund, with an initial six-year investment period followed by a four-year exit period [4][5] Group 2 - The fund will be managed by two general partners, Jiangkong Chuangfu Private Fund Management Co., Ltd. and Henan Asset Fund Management Co., Ltd., with specific rights and responsibilities outlined for each [11][13] - The fund's management fee is capped at 1.8% per year during the investment period, and 1% per year during the exit period after achieving a 6% threshold return [24][25] - The fund's investment decisions will be overseen by an investment committee composed of seven members, ensuring a collaborative decision-making process [18][20] Group 3 - The company has reported a reduction in shareholding by a major shareholder, Puyuan Industrial Co., Ltd., which has decreased its stake from 8.52% to 7.96% after selling 12.6 million shares [36][37] - The share reduction was executed through centralized bidding, and the shareholder plans to continue reducing its stake within the specified timeframe [36][37]