Shenzhen Highpower Technology (001283.SZ) plans to invest in the establishment of an industrial fund to explore collaborative opportunities and investment prospects within the upstream and downstream of the industry chain.

Shenzhen Highpower Technology (001283.SZ) announced that its wholly-owned subsidiary, Guangdong Haopeng New Energy Technology Co., Ltd. (hereinafter referred to as "Guangdong Haopeng"), intends to sign a "Partnership Agreement" with Shenzhen Times Bo Le Venture Investment Management Co., Ltd. (hereinafter referred to as "Times Bo Le"), Huizhou Zhongkai Innovation Investment Group Co., Ltd. (hereinafter referred to as "Zhongkai Innovation Investment"), and Huizhou Industry Investment Development Mother Fund Co., Ltd. (hereinafter referred to as "Huizhou Industry Mother Fund") to jointly invest in the establishment of an industrial fund. The total capital commitment of the industrial fund is RMB 581 million, of which Guangdong Haopeng, as a limited partner, will commit RMB 300 million from its own or raised funds, accounting for 51.64% of the total commitment of the industrial fund. The industrial fund will primarily focus on investing in early to growth-stage companies in line with the companys main business and its upstream and downstream industrial chains. The intended investment areas are characterized by rapid technological updates, swift changes in market demand, and industry development trends. Certain hot sectors may carry industrial risks, such as rapid iterations of technological routes and uncertainties in commercialization prospects. Additionally, the companys influence on fund investment decisions and decisions regarding invested projects is relatively limited, which may pose certain governance risks.