Central China Securities subsidiary forms new RMB125m partnership

Central China Securities Co., Ltd. announced that its wholly-owned subsidiary, ZDKY Venture Capital, entered into a partnership agreement with Henan Asset Fund and Henan Asset. This agreement establishes a new partnership with a total subscribed capital contribution not exceeding RMB125 million. ZDKY Venture Capital's contribution will not exceed RMB50 million, and it will serve as the fund manager. The partnership will focus on investments in debt-for-equity swap funds and similar instruments, with a 7-year term.

Henan Asset Fund and Henan Asset are subsidiaries of Henan Investment Group, a substantial shareholder of Central China Securities. The partnership agreement and its transactions are classified as connected transactions under Chapter 14A of the Hong Kong Listing Rules. While subject to reporting and announcement requirements, the transaction is exempt from circulars and independent shareholders' approval.

The formation of this partnership aims to expand ZDKY Venture Capital's private fund management scale, enhancing the company's private equity fund business and operational capabilities. The investment decision committee will comprise five members, with three appointed by ZDKY Venture Capital.