Oriental Pearl invests $24.4m in advanced computing fund's second phase

Oriental Pearl Group will participate in the Zhengzhou Airport Economic Zone Advanced Computing Phase II Venture Capital Investment Fund Partnership (Limited Partnership), committing RMB24,400万元. This investment, within a total authorized limit of RMB50,000万元 for special funds, constitutes approximately 34.164% of the second-phase fund's total raised capital of RMB71,420万元. The fund aims to acquire equity in Supercomputing Digital Technology Co., Ltd. through equity investment to achieve investment returns.

The company’s total investment, including previous commitments, amounts to RMB49,900万元, remaining within the authorized limit set by its board of directors’ Strategy and Investment Committee.

The investment carries risks, including the fund's pending registration and filing, the success of the invested projects, and potential impacts from economic cycles and market competition. However, Oriental Pearl Group's liability is limited to its capital contribution, with overall risk deemed controllable.