Core Viewpoint - China CNR Corporation Limited (601766) announced the establishment of a new equity investment fund in collaboration with private equity fund managers and other investors, focusing on strategic emerging industries [1][2] Group 1: Fund Establishment - China CNR's wholly-owned subsidiary, CRRC Capital Management Co., Ltd., plans to set up the Huayu Yongyuan Zhanxin (Ningbo) Equity Investment Fund Partnership (Limited Partnership) [1] - The partnership agreement was signed on December 29, 2025, with a total partnership duration of 9 years, including a 5-year investment period and a 3-year exit period, extendable by 1 year upon agreement by all partners [1] Group 2: Fund Contributors - The general partner of the fund is CRRC Guochuang (Beijing) Private Equity Fund Management Co., Ltd., while limited partners include CRRC Capital, Ningbo Yongyuan Investment Fund Co., Ltd., Ningbo Metro Industry Engineering Co., Ltd., and others [1] - The total committed capital from all partners amounts to 1.2 billion yuan, with CRRC Capital contributing 350 million yuan [1] Group 3: Investment Focus - The fund will primarily invest in clean energy equipment, new energy equipment, the upstream and downstream supply chain of new energy vehicles, digital intelligence industries, marine engineering equipment, and low-altitude economy, aligning with the company's industrial layout [2] - The investment by the company's subsidiary in this fund is expected to promote innovative investment models and facilitate effective integration of industry and capital [2]

Group 1 - The core announcement is that CRRC Corporation Limited's wholly-owned subsidiary, CRRC Capital Management Co., Ltd., plans to establish a partnership with CRRC Guochuang (Beijing) Private Fund Management Co., Ltd. and other investors to create the Huayu Yongyuan Zhanxin (Ningbo) Equity Investment Fund Partnership (Limited Partnership) [1] - The partnership agreement was signed on December 29, 2025, with a total partnership duration of 9 years, including a 5-year investment period and a 3-year exit period, which can be extended by 1 year with unanimous consent from all partners [1] - The total committed capital from all partners amounts to 1.2 billion yuan, with CRRC Capital contributing 350 million yuan [1] Group 2 - The fund will focus on investing in strategic emerging industries such as clean energy equipment, new energy equipment, the upstream and downstream supply chain of new energy vehicles, digital intelligence industries, marine engineering equipment, and low-altitude economy [2] - The investment aligns with the company's industrial layout and is expected to promote innovative investment models, facilitating effective integration of industry and capital [2]