Group 1 - The company has approved an investment of up to 30 million RMB in the Yuanhe Puhua Industrial M&A Fund, considering the fund's risk diversification and past investment returns [2] - As of June 20, 2025, the company and its wholly-owned subsidiary have committed 30 million RMB to the fund and are acting as limited partners [3] - The fund has successfully raised a total of 2.473 billion RMB, with the partnership term extended from eight to ten years [4] Group 2 - The fund is registered with the China Securities Investment Fund Industry Association, with a registration date of September 27, 2024, and a change date of October 9, 2025 [4][5] - The management of the fund is handled by Yuanhe Puhua Tongxin (Suzhou) Investment Management Co., Ltd., and the custodian is Industrial and Commercial Bank of China [4]

Group 1 - The company has signed a partnership agreement for investment with a professional investment institution, specifically the Anhui Gaoxin Yuanhe Puhua Private Equity Investment Fund Partnership [1] - The fund has completed the necessary business registration and filing changes, with the new fund name being Anhui Gaoxin Yuanhe Puhua Private Equity Investment Fund Partnership [1] - The fund's management and custody are handled by Yuanhe Puhua Tongxin (Suzhou) Investment Management Co., Ltd. and Industrial and Commercial Bank of China, respectively [1] Group 2 - The company expects to report a net profit attributable to shareholders of 17 million to 24 million yuan for the first half of 2025, a decrease of 70.76% to 79.29% compared to the same period last year [3][5] - The decrease in profit is primarily due to the absence of non-recurring income from property relocation subsidies, which were included in the previous year's earnings [3][10] - The net profit excluding non-recurring items is projected to be between 13 million and 17 million yuan, reflecting a slight increase or decrease compared to the previous year [5][10]

Investment Overview - The company Shanghai Huitong Energy Co., Ltd. is investing RMB 30 million through its subsidiary Shanghai Huidexinyuan Enterprise Management Co., Ltd. in the Anhui Gaoxin Yuanhe Puhua Private Equity Investment Fund [1][2] - The investment aims to enhance the company's presence in the semiconductor and intelligent manufacturing sectors, focusing on hard technology [2][9] - The investment does not require approval from the board of directors or shareholders and is not classified as a related party transaction or a major asset restructuring [3][9] Fund and Management Details - The Anhui Gaoxin Yuanhe Puhua Private Equity Investment Fund was established on August 22, 2024, with a target total subscription amount of RMB 2.5 billion [3][6] - The fund's investment strategy focuses on key technologies and projects that support the development of emerging industries in the Yangtze River Delta region, with at least 70% of the investment directed towards semiconductor and intelligent manufacturing sectors [6][9] - The fund management is handled by Yuanhe Puhua Tongxin (Suzhou) Investment Management Co., Ltd., which was established on November 17, 2020 [4][6] Partner Contributions - The fund includes various partners, with notable contributions from entities such as Suzhou Yuanhe Holdings Co., Ltd. (RMB 50 million) and Anhui San Chong Yi Chuang Industry Development Fund (RMB 46.3 million) [5][6] - The total contributions from all partners amount to RMB 155.7 million, with the company contributing RMB 30 million, representing 1.93% of the total [5][6] Fund Management and Distribution - The fund will have an investment decision committee composed of five members, with decisions requiring a two-thirds majority [7][8] - The distribution of profits will follow a specific order, ensuring that all partners receive their initial contributions back before any profit sharing occurs [8][9] Impact on Company Operations - The investment is expected to leverage professional investment resources and management capabilities, enhancing the company's investment layout in hard technology sectors without significantly impacting its daily operations [9]