CSSD Group extends fund exit period due to macro conditions

China-Singapore Suzhou Industrial Park Development Group Co., Ltd. (CSSD Group) announced that the Suzhou Guyudingruo Equity Investment Partnership, in which CSSD Group and its subsidiary, China-Singapore Land (Suzhou) Industrial Park Co., Ltd., are limited partners, will extend its exit period by one year. This decision lengthens the fund's total existence to six years, citing current macroeconomic conditions.

CSSD Group and China-Singapore Land initially committed up to RMB 5,000 million each, totaling RMB 10,000 million, to the fund. This investment represents less than 5% of the fund's total subscribed capital. The company clarified that this extension is not expected to negatively impact the fund's operations or CSSD Group's financial performance.

The group reiterated its commitment to transparent disclosure practices, assuring investors that the move will not harm the interests of the company or its shareholders. This extension is in line with the partnership agreement, which allows for two one-year extensions to the fund's five-year term (3.5-year investment period, 1.5-year exit period).