Summary by Futu AI
Ruihe Quzhi Technology Holdings Limited (Ruihe Quzhi) announced on February 2, 2024 that its wholly owned subsidiary SOXINDA Shenzhen has entered into a partnership agreement with Advantage Gold Holdings, Quanzhou Big Data, Quanzhou Lei Cheng Wentou and Digital Politong to form a limited partnership. The partnership will focus on investment activities in areas such as cloud computing, big data, artificial intelligence and will invest in related businesses such as start-up investments, equity investments, investment management and asset management. The total capital of the partnership was RMB 1 billion, of which Sosinda Shenzhen invested RMB 1950 million, accounting for 19.5% of the partnership's equity. The Board believes that this move will help the Group grasp the country's digital economy development strategy and drive development in areas such as smart city construction and innovative applications of data assets through a combination of technological advantages and market resources. Under the Listing Rules, this transaction constitutes a disclosable transaction as the applicable percentage is greater than 5% but less than 25%.