East Lake High Technology launches fund, expands waste-to-energy business

Wuhan East Lake High Technology Group is establishing the Xianning Donggao Industrial Investment Fund, a limited partnership with a total scale of RMB 500 million. The company will commit RMB 200 million as a limited partner, while its wholly-owned subsidiary will serve as the general partner with an RMB 50 million contribution. The fund will strategically invest in new materials, advanced manufacturing, healthcare, biomedicine, and electronic information.

Concurrently, the company's subsidiary, Shanghai Taixin Environmental Engineering, is partnering with related party Hongji Junye Environmental Protection Technology to establish a project company for a waste-to-energy initiative in Changzhi City. This project, valued at RMB 375.63 million, involves a 40-year BOOT model with a daily processing capacity of 500 tons of domestic waste. Shanghai Taixin will hold 49% equity with a contribution of RMB 36,811,769.40.

Both initiatives are part of the company's strategy to enhance its industrial park and technology park operations, leveraging fund-based industrial investments to improve enterprise quality, boost overall competitiveness, and attract social capital for innovation. The fund and the waste-to-energy project are expected to strengthen the company's market position and expand its footprint in key strategic sectors.