China Dongxiang clarifies details of RMB fund investment

China Dongxiang (Group) Co., Ltd. has released additional information regarding its investment in an RMB fund, clarifying details of the fund and its manager. The RMB fund adheres to an investment strategy focused on capital preservation and steady income generation, primarily investing in fixed income assets such as government bonds and central bank notes. This strategy is designed to offer diversification benefits, stable returns, and alignment with the group's risk-return and liquidity objectives.

The RMB fund does not offer a guaranteed return but aims for stable growth exceeding bank deposit rates through a diversified portfolio and integrated risk management. Redemption is possible monthly after an initial 180-day lock-up period. The RMB fund manager, established in 2018 and registered with the Asset Management Association of China, oversees close to RMB10 bn in domestic assets with a team of nearly 30 professionals.

The announcement also includes a clarification to the "information of the parties" section, identifying the RMB fund manager as Beijing Yuanfeng Private Equity Fund Management Partnership. Mr. Nie Lei and Mr. Tian Yu are confirmed as the actual controllers of the RMB fund manager. The supplemental information does not alter the original announcement's core content.