Lihoe Technology (002243.SZ) intends to set up the Lihoe Yangtze River Technology Innovation Supply Chain Investment Fund in Hubei Province.

The Zhtng Finance and Economics APP learned that Lh Kchung (002243.SZ) announced that the company's board of directors and supervisory board had reviewed and approved the "Proposal on Establishing a Venture Capital Fund with Professional Investment Institutions", agreeing that its wholly-owned subsidiary, Shenzhen Lh Chungy Tuz Yuxin Gngs, would contribute 5 million yuan, its controlling subsidiary, Hubei Changjiang Lh Kchung Yuxin Gngs, would contribute 5 million yuan, and the company itself would contribute 95 million yuan, jointly initiating the establishment of the Hubei Lh Changjiang Technology Innovation Supply Chain Investment Fund Partnership Enterprise (Limited Partnership)(tentative name), with a fund size of 500 million yuan. The fund will focus on investing in strategic emerging industries and advantageous industries in Hubei Province, such as optoelectronic information and biomedicine, aiming to enhance industrial capabilities, cultivate new development advantages, and promote the formation of advantageous industrial clusters.