KINSHAN SOFTWARE CO., LTD. ANNOUNCED THAT ITS SUBSIDIARY WUHAN JINSHAN WITH HANGZHOU SHUNCHENG AND OTHER PARTNERS SIGNED A PARTNERSHIP AGREEMENT ON JANUARY 12, 2024 TO FORM A NEW FUND. The fund will invest mainly in non-listed companies in China's high-tech and internet sectors, with a total capital payment of at least RMB 24 billion, of which Wuhan Jinshan will contribute RMB 5 billion. Once the new fund is established, it will not be a subsidiary of Golden Mountain Software and will not be included in the scope of the consolidated statements. Since the general partner Hangzhou Shun Cheng and some of the limited partners are related to Jinshan Software, this transaction constitutes a connected transaction, but is therefore exempt from independent...Show More

KINSHAN SOFTWARE CO., LTD. ANNOUNCED THAT ITS SUBSIDIARY WUHAN JINSHAN WITH HANGZHOU SHUNCHENG AND OTHER PARTNERS SIGNED A PARTNERSHIP AGREEMENT ON JANUARY 12, 2024 TO FORM A NEW FUND. The fund will invest mainly in non-listed companies in China's high-tech and internet sectors, with a total capital payment of at least RMB 24 billion, of which Wuhan Jinshan will contribute RMB 5 billion. Once the new fund is established, it will not be a subsidiary of Golden Mountain Software and will not be included in the scope of the consolidated statements. Since the general partner Hangzhou Shun Cheng and some of the limited partners are related to Jinshan Software, this transaction constitutes a connected transaction, but is therefore exempt from independent shareholder approval as the amount involved is less than 5%. Mr. LAI Jun has given up voting rights due to his ownership interest in the transaction. The Fund will be assumed by Hangzhou Shun as an executive partner and managed by Lhasa Economic and Technical Development Zone as Capital Investment Advisory Co., Ltd. Golden Mountain Software said the investment is aimed at enhancing financial investment and enhancing long-term growth potential.