Wuhan Dameng Database (688692.SH) plans to establish a 100 million yuan industrial fund to invest in projects related to the database industry chain.

Wuhan Dameng Database (688692.SH) announced that the company plans to jointly establish an industrial fund with Greater Bay Area Fund and Zhongwan Private Equity to acquire equity investment in the company Wan Dameng (Hefei) through the establishment of Zhongwan Dameng Acquisition Investment Fund Partnership Enterprise (Limited Partnership), investing in projects related to the database industry chain, in order to further expand horizontal and vertical development opportunities. The total subscribed capital amount at the establishment of this fund is 2.02 billion yuan, with the company planning to subscribe 1 billion yuan, accounting for 49.505% of the total subscribed capital at the establishment of the fund. Within 12 months from the first delivery date, the partnership enterprise will conduct one or several follow-on fundraisings to existing limited partners or new investors in accordance with applicable laws and regulations. After the follow-on fundraising is completed, the total subscribed capital of the fund will not exceed 10 billion yuan.