Subsidiary of Zhejiang Meorient Commerce & Exhibition Inc. (300795.SZ) intends to participate in the establishment of Ningbo Yongyuan Wen Zhong Investment in the fields of cross-border e-commerce and cross-border trade.

Zhejiang Meorient Commerce & Exhibition Inc. (300795.SZ) announced that its wholly-owned subsidiary, Sanbaohui Investment (Jiaxing) Enterprise Management Co., Ltd. (referred to as "Sanbaohui"), plans to use its own funds as a limited partner to jointly invest with general partner and executive partner Suzhou Vitol New Entrepreneurship Investment Management Co., Ltd. (referred to as "Suzhou Vitol New") and other limited partners to establish Ningbo Yongyuan Wenzhong Entrepreneurship Investment Partnership Enterprise (Limited Partnership)(tentative name). The target total amount of subscribed capital for the partnership enterprise is 1 billion RMB, with the initial subscribed capital after the first delivery date totaling 500 million RMB. Sanbaohui intends to subscribe with its own funds of 101 million RMB, holding a stake of 20.20% of the total initial subscribed capital of the partnership enterprise. It is reported that the partnership enterprise is primarily focused on value investments in companies engaged in cross-border e-commerce, cross-border trade, and/or digital transformation and empowerment of businesses related to cross-border e-commerce and cross-border trade. This investment will effectively utilize the company's idle funds, improve the company's capital utilization rate, and generate corresponding investment returns.