Chint Electric's subsidiary invests in Zhangjiagang Chaoxi Equity Fund

Zhejiang Chint Electric (SSE:601877) announced that its wholly-owned subsidiary, Zhejiang Chint New Energy Development, plans to invest up to CNY 50 million in Zhangjiagang Chaoxi Advantage No. 2 Equity Investment Partnership (Limited Partnership). This investment, made using self-raised funds, aims to capitalize on opportunities in the new energy and semiconductor sectors, optimize the company’s investment structure, and enhance returns. The fund, with a target size of CNY 200 million, will be managed by Shanghai Chaoxi Private Equity Fund Management Co., Ltd., but has not yet been registered with the China证券投资基金业协会. Chint Electric cautions investors regarding potential risks due to macroeconomic factors and industry cycles. The investment was approved by the board of directors and does not constitute a major asset restructuring or related-party transaction.