Su Changchai A (000570.SZ) plans to jointly establish a private equity investment fund with its controlling shareholder.

The Zhixin Finance and Economics APP reported that Sichangchai A (000570.SZ) announced that the company plans to establish the Changzhou Changtou Xinhui No. 1 Equity Investment Fund (Limited Partnership) with an investment of 30 million yuan as a limited partner with Hou Sheng Investment Co., Ltd. ("Hou Sheng Investment"), a subsidiary of Changzhou Investment Group Co., Ltd. ("Investment Group"), and Changzhou Xinhui Private Equity Fund Management Co., Ltd. ("Xinhui Private Equity"). The fund will focus on investing in advanced manufacturing projects, with a particular emphasis on high-end manufacturing, intelligent agricultural machinery, new energy, new power, and other strategic emerging industries and future industries. The total scale of the Xinhui No. 1 Fund is 70 million yuan.