Core Viewpoint - Yangyuan Beverage (603156.SH) has announced a partnership with Beijing Wenming Investment Fund Management Co., Ltd. to establish a private equity fund with an increased fundraising scale aimed at optimizing idle funds for investment returns [1] Group 1: Fund Establishment and Investment - The private equity fund, named Wuhu Wenming Quan Hong Investment Management Partnership (Limited Partnership), was initially set up in May 2021 with a fundraising target of RMB 3 billion [1] - The company, as a limited partner, committed RMB 2,997 million, while Wenming Fund, as the general partner, contributed RMB 3 million [1] - The fundraising scale was revised to RMB 4 billion on October 15, 2025, with the company increasing its commitment by an additional RMB 1 billion [1] Group 2: Investment Strategy - The private equity fund has invested RMB 1.6 billion in Yangtze Memory Technologies Co., Ltd. [1]

Core Viewpoint - Yangyuan Beverage (603156.SH) has announced a partnership with Beijing Wenming Investment Fund Management Co., Ltd. to establish a private equity fund with an increased fundraising scale aimed at optimizing idle funds for investment returns [1] Group 1: Partnership and Fund Details - The private equity fund, named Wuhu Wenming Quan Hong Investment Management Partnership (Limited Partnership), was initially set up in May 2021 with a fundraising target of RMB 3 billion [1] - The company has increased its commitment to the fund, raising the total fundraising scale to RMB 4 billion, with an additional RMB 1 billion contributed by the company [1] - The company’s contribution to the fund amounts to RMB 2,997 million, while Wenming Fund acts as the general partner with a contribution of RMB 3 million [1] Group 2: Investment Focus - The private equity fund has made a significant investment of RMB 1.6 billion in Yangtze Memory Technologies Co., Ltd. [1]