Shares of GUOXIA TECH (02655)

rose sharply during the trading session, gaining over 16%. At the time of writing, the stock was up 15.27% to HK$23.44, with a turnover of HK$113 million.

The surge follows a company announcement regarding a significant investment. On May 22, 2026, after market hours, the company, acting as a limited partner, entered into a partnership agreement with a general partner. This agreement outlines the operation and management of a fund in which the company intends to invest as a limited partner, along with the rights and obligations of the fund's partners.

Under the terms of the partnership agreement, GUOXIA TECH has committed a total of RMB 200 million to the fund. The company will fund this capital contribution using its internal resources.

The target fund, known as Kaibo Gongchuang (Hubei) Equity Investment Fund Partnership, aims to raise total subscription proceeds of approximately RMB 5 billion. Upon the initial closing date, the total capital commitment to the fund will be RMB 1.6 billion, to be paid in cash by the company and other limited partners according to their respective commitments and the agreement's terms.

The primary investment focus of the partnership fund will be the new energy battery industry supply chain and other emerging industrial projects. This includes investments in sub-funds, direct projects, equity in private companies established or operating in China or with significant ties to China, as well as private placements of shares in listed companies and other equity types.