Zhejiang Meishuo Electric Technology (301295.SZ) plans to participate in the investment in Junquan Hongmao to indirectly layout industrial projects in Wenzhou area.

Zhejiang Meishuo Electric Technology (301295.SZ) announced that the company recently signed a "Partner Capital Contribution Transfer Agreement" with individual Fang Xiaobo, acquiring 20.4457% of the partnership interest corresponding to RMB 20 million subscribed by Wenzhou Junquan Hongmao Entrepreneurship Investment Partnership Enterprise (Limited Partnership) (referred to as "Junquan Hongmao"). Since Fang Xiaobo has already paid RMB 2 million of the subscribed RMB 20 million for Junquan Hongmao partnership interest, the transfer price for this transaction is RMB 2 million, with the company assuming responsibility for the remaining RMB 18 million of the paid-in capital. After the transfer is completed, the company will become one of the limited partners of Junquan Hongmao, holding 20.4457% of the partnership interest. According to the announcement, the main investment target of this investment is in the comprehensive private equity investment fund Wenzhou Junquan Ou Le. Wenzhou Junquan Ou Le has a scale of RMB 200 million and is managed by Shanghai Junquanxin. It was jointly invested and established by Wenzhou City Fund Investment Co., Ltd., Leqing City Industrial Fund Investment Co., Ltd., Leqing City State-owned Capital Operation Group Co., Ltd., and other investors. The investment areas mainly focus on government-supported industries such as strategic emerging industries, high-tech industries, and high-end service industries. The investment region will mainly be in Wenzhou.