Century Huatong's (002602.SZ) subsidiary plans to invest 650 million yuan in Shixiang Shangshi Venture Capital Fund.

Zhitong Finance APP News, Century Huatong (002602.SZ) announced that its wholly-owned subsidiary Jiaxing Xingsong Enterprise Management Partnership (Limited Partnership) ("Jiaxing Xingsong") recently signed a Partnership Agreement with Beijing Shangshi Investment Management Co., Ltd. ("Beijing Shangshi") to participate in the investment in Shixiang Shangshi (Tianjin) Venture Capital Partnership (Limited Partnership), and agreed to authorize the general partner Beijing Shangshi to serve as the partnership's manager, providing investment management and administrative services to the partnership. Jiaxing Xingsong, as one of the limited partners, subscribed to contribute RMB 650 million with its own funds. The fund's investment direction is to explore emerging industry opportunities in the field of frontier technology.