CITIC (00267): CITIC Pacific Special Steel Group (000708.SZ) plans to contribute RMB 389 million to establish a new materials fund

CITIC (00267) announces that, centering on the long-term development strategy and new materials industry layout of CITIC Pacific Special Steel Group (000708.SZ), and in order to further extend the special steel industry chain and cultivate growth points in strategic emerging industries, Taifu Sci-Tech Innovation, a wholly-owned subsidiary of CITIC Pacific Special Steel Group (000708.SZ), plans to jointly initiate the establishment of a new materials fund with CITIC Investment Holdings, Nantong Industrial Chain Development Fund (Limited Partnership), Nantong Industrial Holding Group Co., Ltd. (hereinafter referred to as "Nantong Industrial Holding Group"), CITIC Private Equity, Zhongte Investment and other entities. The new materials fund has a total scale of RMB 1 billion, with Taifu Sci-Tech Innovation contributing RMB 389 million; the first closing scale is approximately RMB 720 million, with Taifu Sci-Tech Innovation contributing RMB 280 million. CITIC Private Equity will serve as the fund manager, and CITIC Private Equity and the company's controlling shareholder Zhongte Investment will jointly serve as general partners (executive partners). The fund focuses on metal new materials, metal substitute materials, new technologies, green and low-carbon, and other industrial fields that comply with national strategic orientation and have growth potential.