Jinchun Co., Ltd. announced that the company plans to jointly fund the establishment of the Qingdao Zhoude Venture Capital Fund partnership with Shanghai Hongfu Private Equity Fund Management Co., Ltd. and other limited partners. The total size of the partnership is 34.51 million yuan. The company has pledged 7 million yuan with its own funds, accounting for 20.28%. It is a limited partner, does not participate in investment decisions, and is not included in the scope of consolidated statements. The partnership has Hongfu Private Equity as the general partner, executive partner and fund manager. The main investment focuses on advanced manufacturing. The operating period is five years, which can be extended for no more than two years. This investment does not constitute a related transaction or major asset restructuring, and there is no need to submit it to the board of directors or shareholders' meeting for consideration.

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.