On November 13, Gelonghui reported that Zhejiang Jiaxin Silk Corp. (002404.SZ) announced that in light of the current changes in capital markets and in accordance with the principle of cautious investment, all partners of Hainan Jiao Xu private equity fund partnership (limited partnership) (hereinafter referred to as "fund") unanimously agreed to reduce the subscribed capital contribution of the fund from 616.6 million yuan to 197.85 million yuan, of which the company's subscribed capital contribution was reduced from 40 million yuan to 14 million yuan. The company has already made a capital contribution of 14 million yuan to the fund previously and will not continue to contribute thereafter.