Chint Electric to invest in new energy industry fund

Zhejiang Chint Electric's (SSE: 601877) wholly-owned subsidiary, Chint New Energy Development, plans to allocate up to ¥50 million in self-raised funds to participate in establishing the Ningbo Yuexiu Yongyuan Equity Investment Partnership (limited partnership). The fund will focus on investment opportunities in sectors such as green energy, carbon neutrality, and information technology. While the agreement is pending finalization and fund registration is incomplete, Chint sees this investment as a strategic move to optimize its investment structure and boost returns. Investors are cautioned about potential risks related to macroeconomic conditions and industry cycles that could affect anticipated returns. The investment was approved at a board meeting on February 27, 2025.