Haiwei Elec Commits RMB 100.00 Million to AI-Focused Venture Fund in Discloseable Transaction

Bulletin Express
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Hong Kong – On 30 September 2026, Hebei Haiwei Electronic New Material Technology Co., Ltd. (“Haiwei Elec”) signed a limited partnership agreement to invest RMB 100.00 million in Ningbo Zhixing Yueheng Venture Capital Partnership (Limited Partnership). The outlay, financed entirely from internal resources, represents a discloseable transaction under Hong Kong Listing Rule 14.07, as the relevant size test ratios exceed 5 % but are below 25 %.

The target fund size is RMB 3.10 billion, placing Haiwei Elec’s commitment at roughly 3.2 % of total capital. Shanghai Zhengxingu Investment Management Co., Ltd.—registered with the Asset Management Association of China in 2015—acts as both General Partner and Fund Manager, responsible for investment decisions and day-to-day management.

Key terms include: • Fund term: seven years from first closing, with possible extensions. • Investment period: four years. • Management fee: 1 % per annum of each limited partner’s paid-in capital during the investment period. • Profit distribution: return of principal, a 5 % preferred return to limited partners, a 10 % catch-up to the General Partner, followed by a 90:10 split between limited partners and the General Partner. • Loss sharing: pro-rata to paid-in capital.

Investment focus centres on artificial intelligence and frontier technologies, targeting large-model development, hardware manufacturing and AI applications in biopharma, technology and consumer segments.

Haiwei Elec’s board states that the subscription will diversify the company’s investment portfolio and enhance capital utilisation, leveraging the Fund Manager’s track record in high-end technology manufacturing, life sciences and tech-driven consumer investments. Directors consider the terms commercially reasonable and in the interests of shareholders.

Haiwei Elec manufactures capacitor base films and metallised films in mainland China; its H-shares are listed on the Hong Kong Stock Exchange (stock code 09609).

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