Zhejiang XiaSha Precision Manufacturing (001306.SZ) intends to establish a 49 million yuan investment fund, with Siasun Robot & Automation as one of the investors in the field.

Zhejiang XiaSha Precision Manufacturing (001306.SZ) announced that the company has signed a partnership agreement with Ningbo Zhenhai Industrial Investment Private Equity Fund Management Co., Ltd., Ningbo Zhenhai Industrial Investment Development Co., Ltd., and Ningbo Zhenkai Group Co., Ltd., subsidiaries of the Ningbo Zhenhai State-owned Asset Management Service Center, to jointly invest in Ningbo Zhenhai Weyuan Lingxi Siasun Robot&Automation Entrepreneurship Investment Partnership Enterprise (Limited Partnership), with a total subscribed capital of 100 million yuan. The company, as a limited partner, plans to subscribe with its own funds 49 million yuan, accounting for 49.00% of the total subscribed capital. The investment fund is expected to focus on investing in key components of humanoid Siasun Robot&Automation as well as industrial, service, and special smart robotic systems. Specifically, the humanoid Siasun Robot&Automation will focus on joint modules and core components, supporting key areas such as intelligent robot bodies, cerebrum, electronic skin, and dexterous hands.