KingClean electric venture fund secures full funding, regulatory approval

KingClean Electric Co., Ltd. announced the full funding and official registration of its participation in the "Gongqingcheng Jintang Venture Capital Partnership (Limited Partnership)." The company committed CNY 2,000 million to the partnership, representing 62.40% of the total subscribed capital of CNY 3,200 million. This investment aims to leverage professional institutional resources to capitalize on emerging industry investment opportunities.

The partnership's primary focus is equity investments, specifically targeting Shenzhen Yunbao Intelligent Co., Ltd., or its future listed entity. This investment is sourced from KingClean Electric's own funds, and the company's liability is limited to its subscribed capital, mitigating risk.

The venture capital partnership recently completed its fundraising, with all limited partners making capital contributions in cash. Furthermore, the partnership has been officially registered with the Asset Management Association of China, receiving the "Private Investment Fund Registration Certificate" on December 12, 2025. This strategic move is not expected to significantly impact KingClean Electric's daily operations or financial performance.