Rongtai Health invests $700,000 in private equity fund

Shanghai Rongtai Health Technology (SSE: 603579) announced plans to invest RMB 5 million (approximately $700,000 USD) in the "Yishan Youhong Steady Special Private Equity Securities Investment Fund." The fund is managed by Shanghai Yishan Asset Management, with custody by Guotai Junan Securities. This investment falls within the company's management's approval authority and doesn't require board or shareholder approval. Rongtai Health aims to enhance capital efficiency through this investment. The company acknowledges potential risks including capital loss, operational challenges, and market and policy changes. They plan to closely monitor the fund's operations to safeguard their investment. The investment won't impact Rongtai's main business operations.