Core Viewpoint - The company, Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd., plans to invest in the "Jianghe Yaochen Enterprise Management Center (Limited Partnership)" with a maximum contribution of RMB 1.4 billion as part of a larger fundraising effort not exceeding RMB 7 billion [2][3]. Investment Overview - The investment is initiated by China Galaxy Investment Management Co., Ltd. and Huaan Future Asset Management (Shanghai) Co., Ltd. [2][3] - The company will participate as a limited partner in the partnership, with a total fundraising scale of up to RMB 7 billion, and its contribution will not exceed RMB 1.4 billion [2][3]. Partner Information - China Galaxy Investment Management Co., Ltd. was established on August 22, 2000, with a registered capital of RMB 4.5 billion, focusing on investment and asset management [4]. - Huaan Future Asset Management (Shanghai) Co., Ltd. was founded on October 1, 2013, with a registered capital of RMB 278.7 million, specializing in asset management for specific clients [6]. Partnership Structure - The partnership will have a duration of 2 years for investment and 3 years for exit, with a possible extension of 2 years [7]. - The investment decision-making body will consist of a committee with representatives from the involved companies, requiring unanimous agreement for decisions [7]. Investment Strategy - The partnership aims to invest in guaranteed rental housing and other state-owned assets within Zhangjiang Science City, enhancing asset liquidity and supporting the transformation of state-owned enterprises [7][8]. - Exit strategies include issuing public REITs, inter-institutional REITs, and transferring projects to qualified buyers [7]. Impact on the Company - By participating in the partnership, the company can leverage social capital and innovative financial tools to revitalize existing rental housing assets and other state-owned assets, thereby enhancing liquidity and promoting transformation [8]. - The company’s extensive experience in operating industrial parks and supporting properties will play a crucial role in asset acquisition and management, contributing to revenue generation [8].