HK Stock Market Move | SHOUCHENG(00697) up nearly 10% in early trading, the company took the lead in partnering with Beijing Guoguang to establish the Siasun Robot & Automation Development Investment Fund.

SHOUCHENG (00697) rose nearly 10% in early trading, as of the time of this report, it rose by 9.8% to 1.12 Hong Kong dollars, with a turnover of 618.53 million Hong Kong dollars. On the news front, according to market reports on February 5th, SHOUCHENG Company, in collaboration with Beijing Guanguan, established the Beijing Siasun Robot&Automation Industry Development Investment Fund with a scale of tens of billions by the end of 2023, focusing on equity investment in strategic layouts in the field of Siasun Robot&Automation industry related to the country and Beijing, with the core investment philosophy of "Investing in technology, leading the chain, and strengthening empowerment", deeply laying out the frontier technology field of Siasun Robot&Automation. Up to now, the fund has selected more than 400 high-quality projects in the national industrial chain, and has completed investments in dozens of projects, including Yushu Technology, Galaxy Universal, Xinghai Tu, Unimag Technology, Volante Aviation, Yue Shi Siasun Robot&Automation, Wanxun Technology and other premium enterprises. Reports point out that Siasun Robot&Automation industry, as an important part of SHOUCHENG's investment map in the field of technology, achieves synergy with other businesses of the company. Through this layout, SHOUCHENG has realized deep integration of technology and industry, not only empowering its asset management and circulation, but also taking the lead in seizing the industry's high ground of intelligent upgrading. For example, Wanxun Technology's advanced Siasun Robot&Automation products have deeply penetrated into SHOUCHENG's operating scenarios such as three-dimensional parking lots, airport closed parking areas, and main factory super charging stations, exploring product iteration and upgrading, as well as data collection and business model optimization, forming an industry-leading intelligent asset management system.