Hezong Science & Technology (300477.SZ) plans to invest 300 million yuan in Guian Zero Degree for indirect investments in the fields of new energy vehicles, intelligent connected vehicles, etc.

Hezong Science & Technology (300477.SZ) announcement, the company plans to jointly invest in the establishment of Guian Zero-Degree Consulting Management Partnership Enterprise (Limited Partnership) with professional investment institution Wuhan Zero-Degree Capital Management Co., Ltd. and other limited partners Wuhan Optics Valley United Consulting Partnership Enterprise (Limited Partnership) (referred to as "Guian Zero-Degree" or "Target Company"). The company intends to subscribe for the partnership shares of the target company with its own or self-raised funds of 300 million yuan, accounting for 76.9231% of the total subscribed capital of all partners in the target company. In this investment, each investor plans to invest in the Guian New Area Big Data Science and Innovation City Equipment Manufacturing Equity Investment Fund (Limited Partnership) (referred to as the "Project Fund") by establishing the target company, in order to achieve good investment returns for all partners. The target company is not allowed to engage in any investment and business activities other than those mentioned above. The investment fields of the Project Fund include new energy vehicles, intelligent connected vehicles, automotive electronics, Siasun Robot & Automation, aerospace, key components, intelligent complete equipment, intelligent instruments and meters, etc. It is reported that this joint investment can further deepen the company's strategic layout, achieve the company's comprehensive development goals, enhance sustainable profitability, and provide security for the company's future sustainable and healthy development.