CRRC Subsidiary Plans to Co-Establish Fund Targeting New Energy Equipment and Other Sectors

Stock News
06/15

CRRC Corporation Limited has announced that its wholly-owned subsidiary, CRRC Capital Management Co., Ltd., along with its own wholly-owned subsidiary, Huayu Zhengdao (Beijing) Private Equity Investment Fund Management Co., Ltd., intend to collaborate with other investors to establish the Huayu Guoke Zhanxin (Suzhou) Venture Capital Investment Fund Partnership (Limited Partnership). The tentative name is subject to finalization during the industrial and commercial registration process. The total committed capital from all partners amounts to 1.5 billion yuan. Within this, CRRC Capital Management Co., Ltd. will act as a limited partner, committing 570 million yuan, while Huayu Zhengdao (Beijing) Private Equity Investment Fund Management Co., Ltd. will serve as the general partner and private fund manager, committing 30 million yuan.

This fund will primarily focus its investments on strategic emerging industries, including new energy equipment, new energy vehicles, and intelligent manufacturing. It will also target future-oriented sectors such as information technology, networks, space exploration, and advanced manufacturing. These investment areas align with and complement the company's existing industrial layout. The investment by the company's subsidiaries in this fund is grounded in supporting the development of its core business, innovating investment models, and deepening the integration of industry and finance. This initiative aims to continuously foster and expand strategic emerging industries, thereby contributing to the company's long-term growth prospects.

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