Summary by Futu AI
China Shenhua Energy Co., Ltd. (“China Shenhua”) signed a “Partnership Agreement” with other partners on May 15, 2024 with other partners in Xi'an and obtained its business license. The fund was set up to invest in technology output transformation projects. Shenhua China invested RMB 0.6 million as a limited partner, accounting for 30% of the fund's total amount. The total size of the fund is RMB2 billion. Other partners include Guohua Energy Investment Co., Ltd., Shaanxi Government Investment Guidance Fund Partnership, etc. This transaction constitutes a connected transaction as GWP and GOC are related persons of Shenhua China. Pursuant to the Hong Kong Listing Rules, the transaction is exempt from compliance with declarations, announcements and independent shareholder approvals. Shenhua China will comply with its obligations to disclose information in a timely manner and remind investors to be aware of investment risks, as required by law and regulation.