Group 1 - The company, Xiamen G-bits Network Technology Co., Ltd., has established a private equity investment fund named Xiamen G-bits Tiancheng Venture Capital Partnership (Limited Partnership) with its wholly-owned subsidiary, Xiamen G-bits Capital [2] - The fund was registered on March 19, 2019, with G-bits Capital as the general partner contributing 3 million yuan, while the company contributed 100 million yuan as a limited partner [2] - The fund's original operating period was set for 7 years, with a proposal to extend it to 9 years to optimize project exit timing and maximize partner benefits, approved by all partners [4][5] Group 2 - The fund's investment period and recovery period remain unchanged, while the extension period has been increased from 2 years to 4 years, during which no management fees will be charged [4] - The adjustment does not require approval from the company's board of directors or shareholders, in accordance with relevant regulations [6] - The adjustment is expected to facilitate the orderly exit of invested projects without significantly impacting the company's financial status or operational results [7]

Core Viewpoint - Jibite (603444.SH) has announced an extension of the operational period of the Jixiang Tiancheng Fund from 7 years to 9 years to maximize the interests of fund partners by finding a more suitable exit timing for projects [1] Summary by Sections - **Fund Duration** - The original operational period of the Jixiang Tiancheng Fund was set for 7 years, starting from its establishment [1] - The operational period includes a 3-year investment phase, followed by a 2-year recovery phase, and a 2-year extension phase [1] - **Extension Details** - The operational period will now end on March 18, 2026, with the investment and recovery phases remaining unchanged [1] - The extension phase has been increased from 2 years to 4 years [1] - During the extension phase, the fund manager will not charge management fees [1]