Guangzhou Shiyuan Electronic dissolves industrial investment fund early

Guangzhou Shiyuan Electronic Technology Co., Ltd. has decided to dissolve and liquidate the Suzhou Qingsong Gongying Emerging Industry Venture Capital Partnership (Limited Partnership), an industrial fund. The company initially invested 25,000 million yuan, representing 64.52% of the first-phase fund size, as a limited partner in the partnership formed on November 27, 2023.

The decision was made because objective factors prevented the achievement of the partnership's objectives. The company and all partners agreed to an early dissolution and liquidation to reduce investment risk, manage costs, and optimize resource allocation, safeguarding investors' interests. Suzhou Qingsong Venture Capital Management Partnership (Limited Partnership) has been appointed as the liquidator.

The dissolution and liquidation of the industrial fund are not expected to materially impact Guangzhou Shiyuan Electronic's operations or financial performance. The company will no longer hold shares in the fund following its liquidation. This action does not constitute a connected transaction or a major asset restructuring and does not require approval from the company's board of directors or general meeting of shareholders.