China-Singapore Suzhou Industrial Park fund extends exit period to 2026

China-Singapore Suzhou Industrial Park Development Group announced that the Suzhou China-Singapore Botong Jinshi Venture Capital Partnership, in which the company is an investor, will extend its exit period to June 29, 2026. This decision, made by the fund's general partner and approved by the advisory committee, is a result of the need to meet operational development requirements.

The company initially approved its participation in the fund in January 2018, committing an investment not exceeding RMB 30 million, representing up to 20% of the fund's total subscribed capital. The original partnership agreement stipulated an 8-year term, comprising a 4-year investment period followed by a 4-year exit period. The agreement allows for two 1-year extensions to the exit period.

The company anticipates this extension will not adversely affect the fund's ongoing operations, nor will it materially impact China-Singapore Suzhou Industrial Park Development Group's financial position or operating results. The company also stated that the extension does not harm the interests of the company or its shareholders, especially minority shareholders.