According to the China Merchants Securities announcement, China Merchants Zhiyuan Capital, a wholly-owned subsidiary of the company, plans to pledge an investment of 1 billion yuan as a general partner and fund manager to co-sponsor the establishment of the China Merchants (Shenzhen) Artificial Intelligence Industry Private Equity Investment Fund with related parties China Merchants Highway, China Merchants Advanced and a third party, Guangming Technology Investment Fund, with a total fund size of 5 billion yuan. Among them, China Merchants Highway pledged 1.25 billion yuan, accounting for 25%, China Merchants Advanced pledged 250 million yuan, accounting for 5%, and Guangmingke Investment pledged 2.5 billion yuan, accounting for 50%. This transaction constitutes a related transaction. It has been reviewed and approved by the board of directors of the company, and there is no need to submit it to the shareholders' meeting The fund focuses on investing in fields such as computing power and power industry chains, and the embedded intelligent industry chain. It still needs to complete industrial and commercial registration and private equity fund filing, and there is uncertainty.

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