Core Viewpoint - Shanghai Yangquan Private Fund Management Co., Ltd. is publicly selecting sub-fund management institutions to collaborate with its parent fund, the Yangquan High-tech Industry Development Guidance Venture Capital Fund Partnership (Limited Partnership) [1][3]. Group 1: Sub-fund Types and Investment Focus - The sub-funds will focus on the investment scope and requirements of the parent fund, with specific types including: - New Energy and New Materials Industry Fund, targeting key enterprises in lithium batteries, sodium batteries, and energy storage applications to promote deep integration and development of the new energy battery industry [1]. - Strategic Emerging Industry Fund, investing in high-quality enterprises in sectors such as information technology, semiconductors, big data, optoelectronics, photovoltaics, carbon-based new materials, special metal materials, bio-based new materials, advanced rail transit equipment, intelligent manufacturing equipment, smart connected new energy vehicles, general aviation, modern biomedicine, and environmental protection [2]. Group 2: Fund Structure and Investment Limits - The sub-fund organization must adopt a limited partnership or corporate structure, with a duration not exceeding the remaining duration of the parent fund. The parent fund's investment in a single enterprise or specific sub-fund cannot exceed 20% of the parent fund's subscribed scale and must not exceed 20% of the total assets of the parent fund throughout its lifecycle. Additionally, the parent fund's investment in other sub-funds cannot exceed 50% of the subscribed scale of those sub-funds [2]. Group 3: Parent Fund Details - The parent fund, Yangquan High-tech Industry Development Guidance Venture Capital Fund Partnership (Limited Partnership), has a total scale of 3 billion and 1 million (30.01 billion) yuan, established in July 2024, with a duration of 10 years. It focuses on investing in key industries that align with the development needs of the Yangquan High-tech Zone, supporting the 14 strategic emerging industries outlined in the Shanxi Provincial Government's "14th Five-Year Plan" [3].