Phillincox announced that the company participated in the investment of Hengyue Venture Capital Fund as a limited partner and pledged an investment of 20 million yuan, accounting for 6.43% of the total amount pledged by the fund. At present, the partnership has completed the registration of industrial and commercial changes and preliminary fundraising work, and the company has paid 20 million yuan in full. The first instalment of the fund raised a total of 78 million yuan. In the future, it will apply to the China Securities Investment Fund Industry Association to complete the fund filing procedure. There is uncertainty about the filing and subsequent operation.

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