According to Ningde Times's announcement, the company participated in the investment in the Shanghai Times Chenyuan Venture Capital Partnership as one of the limited partners, pledged 400 million yuan and held a pledge ratio of 26.64% of the fund. The total investment amount of the fund is 1,502 billion yuan. It mainly invests in fields such as new energy and future energy, the cross-integration of artificial intelligence and digital technology, energy and electricity, artificial intelligence, new quality productivity and future industries. This investment does not constitute a related transaction or major asset restructuring.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.