Core Viewpoint - Shanghai Automotive Group Co., Ltd. (stock code: 600104) announced the progress of its wholly-owned subsidiary's participation in establishing an equity investment fund, aiming to strengthen its position in the smart electric vehicle industry ecosystem [1] Group 1: Fund Details - The fund, named Ningbo Yongyuan Junsheng Equity Investment Partnership (Limited Partnership), was registered with the Asset Management Association of China on January 5, 2026, and has completed the first phase of capital contribution [1] - The total fundraising scale of the fund is 1.09 billion yuan, with Shanghai Automotive Group Jin控 contributing 270 million yuan, accounting for 24.77% of the total committed capital [1] - The fund is managed by Shanghai Hengxu Chuangling Private Fund Management Co., Ltd., and the custodian is China Merchants Bank Co., Ltd. [1] Group 2: Investment Purpose - The investment aims to enhance the industrial chain layout around the smart electric vehicle industry through professional investment institutions, assisting the company in forming new productive forces [1] - As of now, the total amount committed by the subsidiary of Shanghai Automotive Group to the fund managed by Hengxu Capital has reached 1.67 billion yuan [1]

Group 1 - The company’s wholly-owned subsidiary, Shanghai Automotive Group Financial Holdings Co., Ltd. (上汽金控), has signed a partnership agreement to establish the Ningbo Yongyuan Junsheng Equity Investment Partnership (Limited Partnership) with several partners, raising a total of 1.09 billion yuan, with 上汽金控 contributing 270 million yuan, accounting for 24.77% of the total investment [2] - The fund has completed its registration with the Asset Management Association of China and obtained the Private Investment Fund Registration Certificate, with the registration date being January 5, 2026 [3] - The establishment of the investment fund aims to enhance the company’s capabilities in the smart electric vehicle industry ecosystem, leveraging professional investment experience to strengthen, supplement, and expand the supply chain [3]