Core Viewpoint - The company plans to invest in the "Qindao Ganshan Jiaying Equity Investment Fund Center (Limited Partnership)" initiated by Qindao Capital, specifically to subscribe to the initial public offering of Shenzhen Guanghetong Wireless Co., Ltd. on the Hong Kong Stock Exchange, with a total subscription amount of 30 million RMB [1][3][34]. Group 1: Investment Overview - The target fund, Qindao Jiaying Fund, has a target fundraising scale of 510 million RMB, with the company's subsidiary, Blue Ocean Investment, planning to contribute 30 million RMB, accounting for 5.88% of the total [1][3][10]. - The investment decision was approved by the company's board, allowing Blue Ocean Investment to use up to 1 billion RMB for equity and securities investments, with the current subscription amount being 30 million RMB, which is 0.17% of the company's latest audited net assets [2][4][5]. Group 2: Fund and Investment Details - The fund is structured as a limited partnership and was established on June 19, 2025, with a lifespan of 5 years, including a 1-year investment period and a 4-year exit period [6][7][26]. - The fund's management is handled by Qindao Capital, which is responsible for investment decisions and management [10][11][29]. - The investment will specifically target the initial public offering of Shenzhen Guanghetong Wireless Co., Ltd., which has submitted its application for listing on the Hong Kong Stock Exchange [34][36]. Group 3: Financial and Operational Impact - The investment is expected to enhance the efficiency of the company's capital utilization and broaden its investment strategy, leveraging Qindao Capital's expertise and resources [37]. - The company emphasizes that this investment will not adversely affect its main business operations or financial performance [37].