Core Viewpoint - Shanying International (600567.SH) announced the establishment of the Zhiyuan Fund and signed a strategic investment cooperation agreement with partners Yunyin Technology (Shenzhen) Co., Ltd. and Wuhan Proton Technology Co., Ltd. to provide comprehensive solutions and related products and services for the paper and packaging industry [1] Group 1 - The strategic investment cooperation aims to leverage the respective advantages of Shanying International and its partners in the paper and packaging sector [1] - A framework and principles for project cooperation have been established, while specific projects and implementation details will be outlined in future contracts or supplementary agreements [1] - The Zhiyuan Fund's joint venture company is currently in the preparatory stage and has not yet completed business registration [1]

Core Viewpoint - The announcement indicates that Zhiyuan Fund has completed its business registration but has not yet completed the filing with the Asset Management Association of China. The fund aims to provide comprehensive industrial solutions for the paper and packaging industry through strategic partnerships with Yunyin Technology and Proton Technology [1] Group 1 - Zhiyuan Fund has a total scale of 100 million yuan and has signed strategic investment cooperation agreements with Yunyin Technology and Proton Technology [1] - The registered capital of the joint venture company that Zhiyuan Fund intends to invest in is 5 million yuan, with Zhiyuan Fund contributing 1 million yuan for a 20% equity stake [1] - The relatively small capital contribution from Zhiyuan Fund to the joint venture will not have a significant impact on the company's financial status and operational activities [1]