On December 12, Gelonghui reported that Shanghai Pudong Construction (600284.SH) announced that in order to fully leverage the guiding role of state-owned enterprises in the Shanghai Pudong New Area's Venture Capital system, bridge the "Fund + Base" industrial park operation model, supplement the shortcomings of insufficient industrial investment resources, and enhance industrial investment capabilities, the company plans to participate in the investment of the Pudong Development Collaborative Fund. This Fund will focus on investing in innovative and entrepreneurial technology enterprises and high-growth companies, actively bringing in the Shanghai Pudong Construction industrial park, and comprehensively promoting the cultivation and development of the characteristic industrial parks of Shanghai Pudong Construction. The Pudong Development Collaborative Fund is a limited partnership with a total subscribed capital contribution from all partners of 402 million yuan. The company, as a limited partner, will contribute 200 million yuan, accounting for 49.75% of the total subscribed capital; the Technology Innovation Mother Fund will also contribute 200 million yuan as a limited partner, accounting for 49.75% of the total subscribed capital; Shanghai Pudong Capital, as the general partner, managing partner, and fund manager, will contribute 1 million yuan, accounting for 0.25% of the total subscribed capital; the company intends to invest 4.9 million yuan to jointly establish Pudong Xingchuang Technology with its controlling shareholder Pudong Development Group, with Pudong Xingchuang Technology contributing 1 million yuan as a general partner and managing partner, accounting for 0.25% of the total subscribed capital of the fund. The fund has a follow-up fundraising period of three years, with a target size of 1,002 million yuan, and the actual size will be determined based on subsequent fundraising conditions.