Pudong Jinqiao: Plans to invest 194 million yuan in setting up a private equity fund.

Pudong Jinqiao announced that the company's subsidiary Jinqiao Capital, as a limited partner, plans to invest 194 million yuan of its own funds in the Shanghai Pudong Intelligent Manufacturing Phase II Private Equity Fund Partnership Enterprise. The company's subsidiary, Shengang Company, as a general partner, has committed to a capital contribution of 1 million yuan. The fund has a total size of 325 million yuan and will mainly invest in emerging industries and unlisted companies. This transaction does not constitute a related party transaction or a major asset restructuring, but the fund is still in the preparatory stage, so there is uncertainty in its implementation, and investments may face risks such as a long payback period and difficulties in finding suitable targets.