Shanghai Xiangyuan New Materials: The company jointly invests with professional investment institutions to establish a fund, with a subscribed capital of 105 million RMB.

Shanghai Xiangyuan New Materials Co., Ltd. announced that the company has signed the "Lingcheng Future Entrepreneurship Investment Limited Partnership Agreement" with Hangzhou Chengkai Private Equity Fund Management Co., Ltd., Lingxin Qiaoshou Technology Co., Ltd., Wankai New Materials Co., Ltd., and Zhejiang Huizhen Investment Management Co., Ltd., intending to jointly invest in the establishment of the Lingcheng Future Entrepreneurship Investment Limited Partnership. The total subscribed capital of the partnership is 105 million yuan. The company, as a limited partner, intends to subscribe for 20 million yuan with its own funds, accounting for 19.0476% of the total subscribed capital.