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Renxin New Materials: The company, as a limited partner, subscribed and contributed 5 million yuan with its own funds.
Renxin New Materials announcement: The company, together with Shenzhen Energy Conservation Private Equity Fund Management Co., Ltd. and other limited partners, jointly signed a partnership agreement to invest in the Shouheng Zhitong (Jiaxing) Equity Investment Partnership Enterprise (Limited Partnership). The partnership enterprise’s total subscribed capital contribution amount is RMB 44.84 million. The company, as a limited partner, will contribute RMB 5 million of its own funds, representing 11.1508% of the total subscribed capital contribution.
The partnership enterprise will directly invest in equity interests of non-listed companies in robotics, artificial intelligence, and high-tech manufacturing industries. Idle funds may be invested in bank wealth management products, bank deposits, fixed-income trusts, money market funds, and others. This external investment does not constitute a related-party transaction, nor does it constitute a major asset restructuring. After the transaction, it will not result in competition within the same industry.