Subsidiary of Xinhua News Agency Invested Fund Changes Partner and Core Agreement Terms

Recently, Xinhua News Agency announced the progress of its wholly-owned subsidiary's investment fund. Xinhua News Agency's venture capital investment company previously invested 15 million yuan to establish the Xinhua News Sheng Shiqingneng Equity Investment Fund partnership with multiple parties. When registering with the fund industry association, amendments were requested, leading to Shengshi Capital withdrawing as a general partner and transferring its 1 million yuan share to Changfeng Huixin and Wu Bo. All parties re-signed the partnership agreement on September 11 with no change in the actual investment amount of 35.01 million yuan, which has already been raised in full. Some core terms of the partnership agreement have been modified, including adjustments to the distribution of profits involving Shengshi Capital. This update has no significant impact on the company's finances or operations, but uncertainties exist in the subsequent registration of the fund, potentially affecting investment returns. As of now, the company's total investment cooperation with private equity funds has reached 53.32 million yuan.