HAIWEI ELEC (09609) intends to subscribe for limited partnership interests in a fund to achieve portfolio diversification, with a capital commitment of RMB 100 million.

HAIWEI ELEC (09609) announces that on September 30, 2026, the Company entered into a partnership agreement with Ningbo Zhixing Yueheng Venture Capital Partnership (Limited Partnership) (the "Fund") and Shanghai Zhengxingu Investment Management Co., Ltd., the general partner of the Fund, pursuant to which the Company has agreed to subscribe for limited partnership interests in the Fund, with a capital commitment of RMB 100 million. The capital commitment was determined by the general partner and the Company through arm's length negotiations, taking into account a number of factors, including the terms of the partnership agreement, the Fund's investment strategy and its focus on artificial intelligence and frontier technologies, the fund manager's track record and investment capabilities, the expected size of the Fund, and the market terms of comparable fund investments. The capital commitment will be funded from the Company's internal resources and will not utilize any of the net proceeds from the global offering. The Fund will primarily invest in investment targets engaged in large model development for artificial intelligence, hardware manufacturing, and applications in various fields such as biopharmaceuticals, technology, and consumer goods. The subscription aims to achieve diversification of the Company's investment portfolio and improve its capital utilization efficiency by leveraging the fund manager's professional investment experience and risk management capabilities. Given the Board's optimistic view on the long-term prospects of artificial intelligence, large models, and related technologies, the subscription will also enable the Company to gain exposure to potential investment opportunities in these fields and the opportunity to generate investment returns.