Guolian Securities ends fund plan after investment fund fails to launch

Guolian Minsheng Securities Co. Ltd. (HKEX:1456) has announced the termination of a connected transaction concerning the joint establishment of the Wuxi Guolian Tongzhi Technology Industry Investment Partnership (Limited Partnership), also known as "Guolian Tongzhi Fund." The fund, intended to be RMB1.22 billion, was to be jointly established by Guolian Capital Co. Ltd., a wholly-owned subsidiary, and Guolian Life Insurance Co. Ltd., a connected person. Guolian Capital’s proposed contribution was RMB480 million.

The termination follows the approval of a resolution on the dissolution of the fund at its first partners’ meeting on December 15, 2025. Although registered on September 10, 2025, no actual capital contributions were made by any partners, and the fund was never formally established or filed with the Asset Management Association of China.

Guolian Capital, as the executive partner, will manage the liquidation and deregistration procedures. The company confirmed that this termination will not adversely impact its financial position, business operations, or the interests of its shareholders, as no liabilities or obligations for breach of agreement arose from the investment’s termination.