Gelonghui, March 12, 丨 Chengzhi Co., Ltd. (000990.SZ) announced that its wholly-owned subsidiary Beijing Chengzhi Technology Innovation Development Co., Ltd. intends to participate as a limited partner in the establishment of the Qingdao Dingrong Xinxing Private Equity Investment Fund Partnership (limited partnership) (“Dingrong Emerging Fund”). The total target size of Dingrong Emerging Fund is no more than 700 million yuan, and the initial scale is no more than 230 million yuan. The limited partners entered in batches during the fundraising period and completed pledges of the corresponding scale. As a limited partner, Chengzhi Innovation plans to pledge an investment of RMB 98 million, accounting for no less than 14.00% of the total scale mentioned above, of which the initial investment was RMB 32.2 million.

In order to further advance the development strategy of “Chengzhi Co., Ltd. 2.0,” improve the “two wings in one” industrial chain and product layout, take advantage of the advantages of all fund partners to find high growth projects upstream and downstream of the industrial chain through participation in the establishment of funds, expand the industrial layout, improve the industrial chain construction, and help the main business develop. At the same time, relying on the professional capabilities of professional investment institutions can help achieve capital appreciation and improve the efficiency of capital operation under the premise of reasonable risk control.