Runze Smart receives approval for infrastructure REITs

Runze Smart Technology Group Co., Ltd. (SZSE:300442) announced that it has received approval from the China Securities Regulatory Commission (CSRC) to register its infrastructure public REITs. The underlying assets are held by its wholly-owned subsidiary, Runze Technology Development Co., Ltd. The Shenzhen Stock Exchange has also expressed no objection to the listing of the "Southern Runze Technology Data Center Closed-end Infrastructure Securities Investment Fund" and the transfer of the "Southern Capital - Runze Technology Data Center Phase 1 Infrastructure Asset Support Special Plan." The approved REITs, managed by Southern Asset Management Co., Ltd. with China Merchants Bank as the custodian, will have a fundraising target of CNY 1 billion. The company is now preparing for the launch of the fund, which must be completed within six months, with the fundraising period not exceeding three months. Runze Smart emphasized that it will strictly adhere to regulations and fulfill its disclosure obligations.