Gelonghui, May 17, 丨 Jingji Group (03302.HK) announced that on May 17, 2024, the company, Shanghai Guangpu, Nantong Angel Guidance Fund, Nantong Science and Technology Innovation, Nengda Xinxing and Guangguan Smart Cooperation signed a fund partnership agreement to establish and manage the fund. The initial proposed size was RMB 100 million. The company's proposed pledged capital is RMB 30 million, accounting for 30% of the total pledged capital of the fund.

The fund will mainly invest in start-ups in emerging industries such as semiconductors, new energy (including hydrogen energy), new materials, and advanced manufacturing in China.

The directors believe that the fund will provide a platform to explore more potential projects in the wider IT industry, create synergies with the Group, and thereby enhance the overall financial returns of the Group and shareholders.