According to the Ningde Times announcement, the company's subsidiary Fujian Mindong Era Rural Investment and Development Partnership will participate as a limited partner in investing in the Xiamen Shidai Shenyuan Venture Capital Fund partnership, pledging 500 million yuan in capital and holding a pledge ratio of 10.2041% of the fund. The fund has a total investment of 4.90 billion yuan. It mainly invests in fields such as artificial intelligence, physical intelligence, technological applications, and cutting-edge technology. The term of existence is 7 years, which can be extended according to regulations. This investment is within the scope of approval by the company's general manager and does not constitute a related transaction or major asset restructuring. The fund still needs to be registered by the China Securities Investment Fund Industry Association, and there is a risk that the investment will fall short of expectations.

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