Shenzhen Kingdom Sci-Tech expands partnerships, adjusts investment strategy

Shenzhen Kingdom Sci-Tech has entered into "Business Cooperation Framework Agreements" with its associate companies, Gangrong Technology and Shanfeng Technology, for January 1 to December 31, 2026. Under the agreement with Gangrong Technology, Shenzhen Kingdom Sci-Tech anticipates purchasing services up to RMB 60 million and selling services up to RMB 28 million. With Shanfeng Technology, Shenzhen Kingdom Sci-Tech expects to purchase services up to RMB 30 million and sell services up to RMB 14 million. These connected transactions are based on market prices.

Additionally, Shenzhen Kingdom Sci-Tech updated its private equity fund investment in "ShiJiHong Jin No. 2 Private Securities Investment Fund." The company initially planned to subscribe for RMB 100 million but later adjusted the investment to RMB 50 million. As of December 12, 2025, the company holds RMB 50 million in the fund and has approved the redemption of its shares after investment targets are cashed in, to optimize capital allocation and enhance capital utilization efficiency.