On January 7, Glory Link announced that Tianshan Electronics (301379.SZ) plans to expand around the ecological chain of the electronic information industry while ensuring the continuous development of its main business, forming effective resource synergy with its existing businesses. This is to layout in advance for the company’s future industrial upgrades, technological upgrades, and new productive forces such as Semiconductors, effectively promoting the company's business development, facilitating the achievement of the company's overall strategic goals, and enhancing its comprehensive competitive advantages and core competitiveness. The company intends to jointly initiate the establishment of "Wuhan Dingdian Private Equity Investment Fund Partnership (Limited Partnership)" (tentative name, subject to the final approval by the market regulatory authority, hereinafter referred to as "Partnership") with Zhongshuneng (Peking) Computer Co., Ltd., Shanghai Ruide Electronics Co., Ltd., and Wuhan Hongtao Private Equity Fund Management Partnership (Limited Partnership).

The total amount of subscribed capital for the Partnership is aimed at RMB 59.1 million, with the main business being investment. The investment direction focuses on technology enterprises with core technology and competitiveness, particularly in the electronic Industry. The company plans to use its own capital of RMB 50 million as a limited partner to participate in the investment to establish the Partnership, accounting for 84.6024% of the total subscribed capital.