On September 26, 2024, Min Xin Holdings (00222.HK) announced that Purple Gold Private Equity (as a general partner) and limited partners Purple Gold Investment Shanghai, Local Industry Fund, Fujian Strait Talent, and Fujian Min Xin signed a new partnership agreement, agreeing to establish a partnership enterprise.

According to the new partnership agreement, Purple Gold Private Equity (as a general partner), Purple Gold Investment Shanghai (as a limited partner), Local Industry Fund (as a limited partner), Fujian Strait Talent (as a limited partner), and Fujian Min Xin (as a limited partner) respectively contributed RMB 1 million yuan, RMB 98 million yuan, RMB 59 million yuan, RMB 10 million yuan, and RMB 40 million yuan.

The partnership enterprise aims to make equity investments and subsequent capital operations in target investments in new energy, new materials, and digitization fields, bringing good investment returns to all partners and maximizing the value of benefits. The partnership enterprise will mainly invest in growth or mid-to-late-stage projects, balancing primary market placements and strategic allocations. Cornerstone partners will fully utilize their respective cni resource index to obtain high-quality project resources and introduce relevant resources from the industry chain for the partnership enterprise. The directors (including independent non-executive directors) believe that the Group will benefit from participating in the partnership enterprise, achieving income diversification, and nurturing growth opportunities for the Group's long-term financial performance.