Jinlv Environment: Establishment of Investment Fund Partnership

Business Update by Jingshao Environmental Company

The company has signed the 《Equity Investment Fund Partnership Agreement for the Jingshao Jiqushi Equity Investment Fund Partnership Enterprise (Limited Partnership) in the Xuanzhou District of Xuan City》 with Xizang Tianji Jishi Chuangye Investment Co., Ltd., Xuancheng Xuanzhou District Industrial Investment Holding Group Co., Ltd., and Xuancheng Xuanzhou District State-owned Capital Operations Group Co., Ltd., to jointly invest in and establish the Jingshao Jiqushi Equity Investment Fund Partnership Enterprise (Limited Partnership) in the Xuanzhou District of Xuancheng. The total subscribed capital contribution amount of the investment fund is 200 million yuan. Of this, the company, as a limited partner, will subscribe with its own funds of 80 million yuan, representing 40% of the total subscribed capital contribution amount of the partnership enterprise.

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