Group 1 - The company, Huaru Technology (301302.SZ), announced its investment of RMB 20 million as a limited partner in a new venture capital fund, Nanjing Keshih Chuangye Investment Partnership (Limited Partnership) [1] - The total committed capital of the fund is RMB 50.5 million, with the company holding a 39.60% stake [1] - The fund will primarily invest in new cultural consumption projects arising from digital technologies such as virtual reality, spatial computing, and artificial intelligence [1] Group 2 - The fund has a lifespan of 8 years, consisting of a 5-year investment period and a 3-year exit period [1] - Management fees for the fund are set at 2% of the paid-in capital during the investment period and 1.5% during the exit period, calculated on the remaining balance after deducting the principal of exited investments [1] - There are no guarantees of principal or minimum returns associated with the fund [1]