Core Viewpoint - The company aims to enhance its capital operation capabilities and achieve investment returns by leveraging the investment capabilities, financial advantages, and risk control abilities of professional investment institutions through its wholly-owned subsidiary's participation in a private equity fund [1] Group 1: Investment Details - The company’s wholly-owned subsidiary, Hainan Ruihong Venture Capital Co., Ltd., has invested RMB 30 million as a limited partner in the Shanghai Shangce Xingshi Rongxin Private Equity Investment Fund Partnership [1] - The Shangce Xingshi Rongxin has completed the necessary business registration changes and has been registered with the Asset Management Association of China, obtaining the required business license and private equity fund registration certificate [1]

Core Viewpoint - The company aims to enhance its capital operation capabilities and achieve investment returns by leveraging the investment capabilities, funding advantages, and risk control abilities of professional investment institutions through its wholly-owned subsidiary's participation in a private equity fund [1] Group 1: Investment Details - The company’s wholly-owned subsidiary, Hainan Ruihong Venture Capital Co., Ltd., has invested RMB 30 million as a limited partner in the Shanghai Shangce Xingshi Rongxin Private Equity Investment Fund Partnership [1] - The Shangce Xingshi Rongxin has completed the necessary business registration changes and has been registered with the Asset Management Association of China, obtaining the required business license and private equity fund registration certificate [1]

Core Viewpoint - The company, through its wholly-owned subsidiary Hainan Ruihong, is participating in a private investment fund focused on the integrated circuit industry, with a total commitment of 30 million yuan, representing 7.50% of the fund's total capital contribution of 400 million yuan [1] Group 1: Investment Details - Hainan Ruihong has signed a partnership agreement to invest in the Shanghai Shangce Xingrongxin Private Investment Fund Partnership [1] - The total subscribed capital of the partnership is 400 million yuan, with Hainan Ruihong contributing 30 million yuan [1] - The partnership will focus on the integrated circuit industry, aiming for capital appreciation through equity investments and related activities [1]