Core Viewpoint - The company plans to establish a new investment fund, Shandong Kejin Jushi Venture Capital Partnership (Limited Partnership), with a total subscription scale of 400 million yuan, aiming to enhance its investment layout in life sciences, advanced manufacturing, and artificial intelligence sectors [2][5][25]. Summary by Sections 1. Investment Overview - The fund will have a total subscription scale of 400 million yuan, with the company contributing 148 million yuan, accounting for 37% of the total [2][23]. - The company's wholly-owned subsidiary, Shandong High-tech Venture Capital Co., Ltd., will act as the general partner and fund manager, contributing 2 million yuan (0.5%) [2][23]. - The company's associate, Shenzhen Huaxin Capital Management Co., Ltd., will also contribute 2 million yuan (0.5%) as a general partner [2][23]. - Another associate, Zibo High-tech Venture Capital Co., Ltd., will contribute 100 million yuan (25%) [2][23]. 2. Related Party Transactions - The investment constitutes a related party transaction as Huaxin Capital and Zibo High-tech are associated with the company [2][5][8]. - The transaction does not require shareholder approval as it does not exceed 5% of the company's latest audited net assets [3][6]. 3. Fund Details - The fund will have a duration of 5 years, with an investment period of 3 years and an exit period of 2 years [14]. - The fund will prioritize investments in high-quality projects nationwide, especially in Jinan and Zibo [17][18]. - The management fee will be capped at 2% per year during the investment period, with a minimum return rate of 6.5% per year for profit distribution [20][21]. 4. Impact on the Company - Establishing the fund is expected to strengthen the company's investment strategy in key sectors, aligning with its overall strategic goals [25]. 5. Approval Process - The related party transaction was reviewed and approved by the company's board of directors and independent directors, ensuring compliance with relevant regulations [27][30].

Group 1 - The company, Luxin Venture Capital (600783.SH), announced plans to jointly establish the Shandong Kejinju Entrepreneurship Investment Partnership (Limited Partnership) with other partners, with a total fund subscription scale of 400 million yuan [1] - The company will contribute 148 million yuan as a limited partner, accounting for 37% of the fund's total subscription scale [1] - The fund will primarily focus on investments in industries such as life sciences, advanced manufacturing, and artificial intelligence (AI) [1]

Core Insights - The meeting held on November 26 focused on empowering high-quality development in Shandong Province through financial and industrial collaboration [1] - Two investment funds, the China-New Ruixin Smart Fund and the KJJS Fund, are being established to invest in green low-carbon, life sciences, and advanced manufacturing sectors in Shandong [1][2] Group 1: Fund Details - The China-New Ruixin Smart Fund has a total scale of 500 million yuan, with an initial phase of 200 million yuan, co-established by Ruixin Venture Capital and other institutions [1] - The KJJS Fund will focus on life sciences and advanced manufacturing, initiated by Ruixin Venture Capital in collaboration with Jinan Lixia Holding Group and Zibo High-tech Investment [2] Group 2: Strategic Focus - The China-New Ruixin Smart Fund aims to support Shandong's industrial transformation towards high-end, intelligent, green, and clustered development, aligning with the "dual carbon" goals [1] - The KJJS Fund will leverage the Longling High-tech Biopharmaceutical Industrial Cluster as a key platform for project incubation and development in the life sciences sector [2] Group 3: Institutional Role - Ruixin Venture Capital is recognized as the largest professional venture capital institution in Shandong, actively collaborating with various cities to establish market-oriented funds tailored to local economic development [2]