Zhejiang Century Huatong Group (002602.SZ) subsidiary plans to invest RMB 650 million in Shixiang Shangshi Venture Capital Fund.

Zhejiang Century Huatong Group (002602.SZ) announced that its wholly-owned subsidiary, Jiaxing Xingsong Enterprise Management Partnership (Limited Partnership) ("Jiaxing Xingsong"), recently signed a Partnership Agreement with Beijing Shangshi Investment Management Co., Ltd. ("Beijing Shangshi") to participate in the investment in Shixiang Shangshi (Tianjin) Venture Capital Partnership (Limited Partnership), and agreed to authorize the general partner Beijing Shangshi to serve as the partnership's manager, providing investment management and administrative services to the partnership. Jiaxing Xingsong, as one of the limited partners, has subscribed to contribute RMB 650 million with its own funds. The fund's investment direction is to explore emerging industry opportunities in the field of frontier technology.