Summary by Futu AI
China Shenhua Energy Co., Ltd. (“China Shenhua”) announced on 30 May 2024 that six subsidiaries and five subsidiaries of National Energy Investment Group Limited (“National Energy Group Company”) jointly invested RMB 2 billion to establish National Energy (Beijing) Science Seeds Fund (limited partnership). The fund aims to accelerate the transformation of technology outcomes and improve the company's overall technology innovation performance. China's Shenhua said that the combined transaction will not have a significant impact on the company's financial condition and operating results, nor will it cause competition from peers. Pursuant to the Hong Kong Listing Rules, this transaction is exempt from notification, announcement and approval by independent shareholders due to the relevant percentage being less than 0.1%. THE COMPANY REMINDS SHAREHOLDERS AND POTENTIAL INVESTORS THAT THERE ARE UNCERTAINTIES IN INVESTING IN SCIENCE-BASED FUNDS, INCLUDING LONG CONVERSION CYCLES OF TECHNOLOGY OUTCOMES AND UNCERTAIN RETURN ON INVESTMENT, AND URGES CAUTION WHEN INVESTING.