Hongyuan Electronics announced that as a limited partner, the company participated in investing in the Beijing Cuihu Accelerated Growth Venture Capital Fund partnership. The fund aims to pledge a total investment of 100 million yuan, and the company has pledged an investment of 29 million yuan, accounting for 29%. As of the disclosure date of the announcement, each partner has completed the first phase of investment, with a total actual payment of 40 million yuan, of which the company has paid 11.6 million yuan. The investment method is monetary. The installment of this investment capital will not have a significant adverse impact on the company's daily operations and cash flow.

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.