According to the Xinzhi Cognitive announcement, the company signed a partnership agreement with Shenzhen Huaye Tiancheng Investment Co., Ltd. to jointly invest in the establishment of the Tianjin Huaye Cognitive Venture Capital Partnership. The partnership targets a total pledged investment of 150 million yuan. As a limited partner, the company pledged 150 million yuan from its own funds, accounting for 99.9334% of the total pledged capital. The partnership period is six years from the date of establishment. The first three years are the investment period. Shares that have not been withdrawn at the end of the period can be extended for 2 years after review and approval at the partner meeting. The scope of investment is equity and equity-related investments. This transaction does not constitute a related transaction or major asset restructuring. The partnership still needs to complete the fund industry association filing, and there is uncertainty.

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