Huagong Tech launches new RMB350m venture capital fund

Huagong Tech's wholly-owned subsidiary, Huagong Investment, has established the Wuhan Huagong Ruiyuan No. 2 Venture Capital Investment Fund Partnership (Limited Partnership) with professional institutions. The fund has a total subscribed capital of RMB350 million, with Huagong Investment contributing RMB76.5 million, representing 21.86% of the total. This follows the board's approval on September 15, 2025, and the fund's subsequent registration on October 13, 2025.

In a related development, Huagong Investment also participated in the Wuhan Huagong Ruiyuan Hairun Venture Capital Investment Fund Partnership (Limited Partnership), contributing RMB15.9 million for a 39.75% stake in the RMB40 million fund. Both funds are managed by Wuhan Huagong Ruiyuan Technology Venture Capital Co., Ltd., a connected entity due to shared board members. These investments align with Huagong Tech's strategy to deepen innovation synergy and leverage industrial resources.

The total accumulated connected transactions between Huagong Tech and Huagong Ruiyuan over the past twelve months amount to RMB78.3668 million, excluding these latest investments. The company emphasizes that these investments are funded by its own capital, do not impact its operational activities, and are subject to market risks, which will be closely monitored.