Group 1 - The company has approved the establishment of a private equity investment fund named "Shanghai Yangtze River Delta Shenchuang Private Fund Partnership (Limited Partnership)" with a total scale of RMB 3.44 billion, in which the company will invest RMB 50 million, accounting for 1.4535% of the total subscribed capital [1] - The company has received a notification from the fund management regarding the signing of the revised partnership agreement, which includes changes in the partners' capital contributions [2] - The fund has completed the registration procedures with the Asset Management Association of China and has obtained the private fund registration certificate, with the registration date being December 3, 2025 [3] Group 2 - The company, as a limited partner, will bear an investment risk exposure of no more than RMB 50 million, and the investment will not conflict with its main business operations [4] - The investment is expected to provide medium to long-term returns, and the company will implement comprehensive supervision and risk management throughout the investment process to mitigate risks [4] - The company will closely monitor the progress of the partnership and fulfill its information disclosure obligations in accordance with relevant regulations [4]

Group 1 - The core viewpoint of the article is that Hengshang Energy (603137.SH) is planning to invest in the establishment of a private equity fund to align with the national strategy of the Yangtze River Delta integration development [1] - The fund will focus on high-quality resources related to advanced manufacturing and new materials within the industry chain [1] - The total planned investment for the fund is set at 3.44 billion RMB, with Hengshang Energy contributing 50 million RMB, which represents 1.4535% of the total committed capital [1]

Group 1 - The core point of the article is that Liba Co., Ltd. plans to invest in the establishment of a private equity fund to align with the national strategy of the Yangtze River Delta integration development [1] - The fund will focus on high-quality resources in advanced manufacturing and new materials, targeting key industries in the Yangtze River Delta region such as TMT (Technology, Media, and Telecommunications), consumer goods, healthcare, and artificial intelligence [1] - The total planned investment for the fund is 3.44 billion RMB, with Liba Co., Ltd. contributing 50 million RMB, representing 1.4535% of the total committed capital [1]