Oriental Pearl to invest in advanced computing fund

Oriental Pearl Group (SSE:600637) plans to invest up to 500 million yuan of its own capital in the Zhengzhou Airport Advanced Computing Phase I Venture Capital Investment Partnership (Limited Partnership), known as the "Advanced Computing Phase I Fund." Oriental Pearl will serve as a limited partner, with its contribution not exceeding 50% of the fund. The fund, with a total target size of 510.56 million yuan, aims to acquire equity in Super Computing Digital Technology Co., Ltd. (Super Computing Company) to generate investment returns.

Initially, Oriental Pearl Group will commit 255 million yuan to the Advanced Computing Phase I Fund, representing approximately 49.95% of its total fundraising size. The investment strategy focuses on equity transfers to acquire stakes in Super Computing Company, with the goal of capital appreciation. The fund has a five-year lifespan, including a three-year investment period and a two-year exit period, extendable by mutual consent.

The investment has been approved by the company's Board of Directors Strategy and Investment Committee and is within a 500 million yuan total authorized limit for such investments. This transaction is not considered a connected transaction or a major asset restructuring. The company cautions that the fund is still pending industrial and commercial registration and China Asset Management Association filing, and there are risks associated with successful establishment and future returns.