Group 1 - The core point of the article is that Shanghai Yanshan Technology Co., Ltd. is engaging in a joint investment with professional investment institutions through its wholly-owned subsidiary, Hainan Ruihong Venture Capital Co., Ltd., in the Shanghai Shangce Xingrongxin Private Investment Fund Partnership [2][23] - The total subscribed capital of the fund is RMB 400 million, with Hainan Ruihong contributing RMB 30 million, accounting for 7.5% of the total [2][23] - The investment does not constitute a related party transaction or a major asset restructuring as per relevant regulations, and it will not lead to competition in the same industry [3] Group 2 - The fund is managed by Shanghai Guoce Investment Management Co., Ltd., which focuses on technology manufacturing sectors, including semiconductor, smart driving, new energy, medical technology, and information technology [4][5] - The fund's target subscription scale is RMB 400 million, with an 8-year duration, including a 4-year investment period followed by a 4-year exit period [11][12] - The investment aims to enhance the company's capital operation capabilities and achieve investment returns, thereby consolidating and improving its competitiveness [23]