Zhitong Financial APP News, 800 million time and Space (688181.SH) issued an announcement that in order to broaden investment methods and channels, grasp investment opportunities in the field of new materials, and optimize the company's investment structure with the help of the experience and resources of professional investment institutions, the company plans to invest in Shouxin Jin'an as a limited partner with its own capital of RMB 50 million. The company's capital contribution accounts for 2.41% of the total contribution of the first new Jin'an after the completion of this round of fundraising. The specific circumstances shall be subject to the legal documents such as the Partnership Agreement finally signed.

Shouxin Jinan focuses on investing in advanced electrical steel materials, cast superalloys, precision alloys, high-performance special steel and other metal new materials ("new metal materials field"). And appropriate investment in other new materials related to the industrial chain of Shougang Group, at the same time, it will also be combined with the development direction of domestic new materials self-controllable and domestic substitution. Invest in new materials such as liquid crystal display materials, OLED materials, semiconductor materials and so on.