Xiangpiaopiao (603711.SH) plans to invest RMB 20 million to subscribe for investment fund shares.

Zhitong Finance APP News, Xiangpiaopiao (603711.SH) announced that on November 6, 2026, the company signed a Partnership Agreement with Shanghai Lingyi Private Fund Management Co., Ltd., Gongqingcheng Lingyi Zhiyuan Venture Capital Partnership (Limited Partnership), Pan Yingjiu, Liang Huaiyu, and Zhu Quanlian to jointly invest in Shanghai Hongniao Qihang Venture Capital Partnership (Limited Partnership). As a limited partner, the company subscribed RMB 20 million with its own funds, accounting for 25% of the total subscribed capital. The fund mainly invests in emerging industries and projects in related industrial chains.