CRRC Corporation's (601766.SH) subsidiary plans to participate in the establishment of a fund for investing in the field of new energy equipment, among others.

CRRC Corporation (601766.SH) announced that its wholly-owned subsidiary CRRC Capital Management Co., Ltd. and its wholly-owned subsidiary Huayu Zhengdao (Beijing) Private Equity Investment Fund Management Co., Ltd. plan to jointly establish the Huayu Guoke Zhanxin (Suzhou) Venture Capital Fund Partnership Enterprise (Limited Partnership) with other investors (tentative name, subject to final registration with the industry and commerce administration). The total capital commitment of the partners is 1.5 billion yuan, of which CRRC Capital Management Co., Ltd. as a limited partner commits 570 million yuan, and Huayu Zhengdao (Beijing) Private Equity Investment Fund Management Co., Ltd. as a general partner and private fund manager commits 30 million yuan. The fund will focus on investing in strategic emerging industries such as new energy equipment, new energy vehicles, intelligent manufacturing, as well as future information, future networks, future space, and future manufacturing industries. It will synergize with the company's industrial layout, with the company's subsidiaries investing in the fund to support the development of the main business, innovate investment models, deepen the integration of production and finance, continuously nurture and promote the growth of strategic emerging industries, and support the company's long-term development.