According to the announcement from the Zhitong Financial APP, Zhejiang Goldensea Hi-tech (603311.SH) announced that, as previously announced, the company plans to contribute 50 million yuan in capital as a limited partner using its own funds, along with Shanghai Duotian Enterprise Management Center (Limited Partnership) and others to jointly establish the Jinpu Yangtze Delta Technology Innovation and Entrepreneurship Investment Fund Partnership Enterprise (Limited Partnership) (tentative name, subject to the actual business registration, referred to as 'private equity fund').

As of the date of this announcement, the establishment of the private equity fund is still in the preparatory stage. Due to changes in the current market environment and considering the actual situation of the company, after careful study and friendly negotiations with the partner, the company has decided to terminate its participation in the establishment of the private equity fund.