Investment Overview - The company has signed a partnership agreement with Jiang Sai Zhi Bo Le Equity Investment Management Co., Ltd., Zhejiang University Net New Technology Co., Ltd., and Hangzhou Jingye Intelligent Technology Co., Ltd. to jointly invest in Hangzhou Sai Zhi Zhu Long Venture Capital Partnership (Limited Partnership) [1] - The target total fundraising scale of the investment fund is RMB 100 million, with the company contributing RMB 33 million, accounting for 33% of the total fundraising scale [1] Fund Progress - The investment fund has completed the business registration process and obtained a business license from the market supervision and management department [2] - The fund has also completed the private investment fund registration procedures with the Asset Management Association of China, obtaining the Private Investment Fund Registration Certificate [2]

Group 1 - The company Zhejiang University Net New Technology Co., Ltd. is participating in an investment partnership by investing 33% of the total target fundraising of RMB 100 million, amounting to RMB 33 million [1][2] - The investment partnership, named Hangzhou Saizhi Zhulong Venture Capital Partnership (Limited Partnership), has completed its business registration and received its business license from the Hangzhou High-tech Industrial Development Zone [1] - The investment fund has also completed the private fund registration process with the Asset Management Association of China, obtaining the private fund registration certificate [2] Group 2 - The fund manager is Zhejiang Saizhi Bole Equity Investment Management Co., Ltd., and the fund has been assigned the registration code SAYL04 [2] - The company will adhere to relevant regulations and guidelines, including the Shanghai Stock Exchange Listing Rules, and will fulfill its information disclosure obligations as necessary [2]

Core Viewpoint - The company, Nandu Property Service Group Co., Ltd., is participating in the establishment of an investment fund focused on artificial intelligence and embodied intelligence sectors, contributing 33% of the total capital with an investment of 33 million RMB [2][3][24]. Group 1: Investment Overview - The investment target is Hangzhou Saizhi Zhulong Venture Capital Partnership (Limited Partnership), referred to as "Zhulong Fund" [2]. - The company will invest 33 million RMB, representing 33% of the total committed capital of 100 million RMB for the fund [2][11]. - The fund aims to leverage the rapid development of AI technology and government support policies to enhance the company's strategic development and competitive edge in the AI and embodied intelligence sectors [3][24]. Group 2: Fund Structure and Management - The fund is structured as a limited partnership, with Zhejiang Saizhi Bole Equity Investment Management Co., Ltd. as the general partner [5][10]. - Other limited partners include Zhejiang University Net New Technology Co., Ltd. and Hangzhou Jingye Intelligent Technology Co., Ltd., both of which are publicly listed companies [9][10]. - The fund's lifespan is set for 6 years, with a 2-year investment period followed by a 4-year exit period, extendable by 2 years upon agreement by all partners [14]. Group 3: Investment Strategy and Decision-Making - The fund will focus on investments in artificial intelligence, robotics, and embodied intelligence, aiming to build a robust industrial chain in these areas [15]. - An investment decision committee, consisting of 6 members, will oversee investment decisions, requiring a majority vote for approval [17]. - The exit strategies for investments include public offerings, mergers, transfers, and buybacks, with the goal of maximizing returns [18]. Group 4: Financial Implications and Impact - The investment is expected to align with the company's strategic direction, enhancing its ability to cultivate high-growth projects and achieve capital appreciation [24]. - The investment will not interfere with the company's daily operations or financial needs, ensuring that it does not harm the interests of shareholders, particularly minority shareholders [24].