Group 1 - The company, Zhongzhi Water Co., Ltd., has partnered with professional investment institutions to establish an investment fund named Shanghai Siyuan Exploration Venture Capital Partnership (Limited Partnership) with a total initial subscription amount of RMB 65 million, where the company contributes RMB 20 million, accounting for 30.77% of the initial subscription [2][3] - The investment fund has completed the necessary legal registration procedures in October 2024 and has obtained the Private Investment Fund Registration Certificate from the Asset Management Association of China in December 2024 [3][4] - In June 2025, additional contributions were made by existing partners, with a total of RMB 3.8 million added by one partner and RMB 5 million from a new partner, Shanghai Future Qidian Private Investment Fund Partnership (Limited Partnership) [4][5] Group 2 - The investment fund's duration has been extended from seven years to eight years, with the first three years designated as the investment period, followed by a management period [7] - The new limited partner, Shanghai Future Qidian Private Investment Fund Partnership (Limited Partnership), has a registered capital of RMB 1.5 billion and is not related to the company or its major shareholders [6][7]