GCL Energy advances joint investment in new energy fund

GCL Energy Technology Co., Ltd. (SZSE:002015) announced that its wholly-owned subsidiary, GCL Wisdom Energy (Suzhou) Co., Ltd., has completed the establishment of a joint venture fund with Zheshang Securities Co., Ltd.'s subsidiary, Zhejiang Caitong Capital Investment Co., Ltd. The fund, named Cai Xin Lv Xin (Jiaxing) Equity Investment Partnership (Limited Partnership), has a total size of CNY 50 million and will focus on investments in green electricity, energy storage, and other new energy industry projects. GCL Wisdom Energy contributed CNY 30.05 million and holds a 60.10% stake. The partnership has completed industrial and commercial registration and has obtained a business license issued by the Nanhu District Administrative Examination and Approval Bureau of Jiaxing City. The first phase of capital contribution amounting to CNY 30 million has been received. The fund has also completed filing with the Asset Management Association of China and has obtained the "Private Investment Fund Filing Certificate."