Summary by Futu AI
Zijin Mining Group Co., Ltd. announced that its wholly-owned subsidiaries, Zijin Mining Equity Investment Management (Xiamen) Co., Ltd. and Zijin Mining Investment (Shanghai) Co., Ltd., have jointly invested with Fujian Local Industry Equity Investment Fund Partnership and Fujian Minxin Investment Co., Ltd. to establish Zijin Mining Min Investment Straits Sailing (Fuzhou) Investment Partnership Enterprise. The partnership will focus on equity investment in strategic emerging industries such as new energy, new materials, and intelligent technology. Zijin Mining and Zijin Investment jointly contributed RMB 99 million, accounting for 50% of the total contribution of the partnership. The investment was signed on July 29, 2024, and was approved at the first interim meeting in 2024, and does not constitute a related party transaction or a major asset restructuring. The company stated that this move aims to accelerate the industrial layout, serve the main business growth of the company, and the investment funds come from the company's own funds, which will not have a significant impact on the company's financial situation and shareholder interests.