Fawer Automotive invests in Qizhi Fund, completes registration

FAWER Automotive Parts Company (SZSE:000030) announced that it has completed the industrial and commercial registration for its participation in the Jilin Qizhi Automotive Industry Chain Venture Capital Fund Partnership (Limited Partnership). The decision to invest in the fund was approved at the company's 14th meeting of the 11th Board of Directors held on April 28, 2025. The fund, established on July 3, 2025, has a total investment of CNY 1 billion. Its primary business location is in Changchun City. The general partner is Hongqi Private Equity Fund Management (Jilin) Co., Ltd. The fund's scope includes general investment activities and venture capital investments, specifically targeting unlisted companies.