WuXi AppTec subsidiary liquidates private equity investment

Wuxi AppTec Co., Ltd. announced that its wholly-owned subsidiary, Wuxi AppTec Phase I Investment Enterprise (Limited Partnership), will liquidate its investment in Huaping Big Health Industry Investment (Wuxi Yixing) Partnership Enterprise (Limited Partnership). This decision was made by all partners of the Investment Fund as a result of changes in market conditions.

On October 20, 2023, Wuxi AppTec Phase I and Shanghai Huaping Private Equity Fund Management Co., Ltd., along with other partners, signed a limited partnership agreement. This agreement committed Wuxi AppTec Phase I to subscribe for up to RMB 60,000 million in Investment Fund units. As of the disclosure date of this announcement, Wuxi AppTec Phase I had contributed RMB 24,000 million to the Investment Fund.

The Investment Fund currently has no completed investment projects. Wuxi AppTec Phase I anticipates recovering its principal investment of RMB 24,000 million, along with related interest income. The company stated that the termination of this investment will not have a material impact on its financial or operational activities and will not harm the interests of the company or its shareholders.