Shenzhen Energy to launch new energy private equity fund

Shenzhen Energy Group Co., Ltd. will partner with Shenzhen SHTK Donghai Investment Co., Ltd., Shenzhen Guide Fund Investment Co., Ltd., Futian Guide Fund Investment Co., Ltd., and Shenzhen Xinjiyuan Asset Management Co., Ltd. to establish a new private equity investment fund. The fund, with a total scale of 1 billion yuan, will be managed by SHTK Donghai Investment. Shenzhen Energy Group will contribute 10 million yuan as a limited partner.

The fund will focus its investments on the new energy sector, including digital grids, charging/swapping facilities, wind/solar/hydro power, natural gas, hydrogen energy, energy conservation, and environmental protection. This strategic move aims to connect Shenzhen Energy with emerging industry trends, new technologies, products, and business models, driving industrial transformation and upgrades.

The investment fund will not be consolidated into Shenzhen Energy Group's financial statements and is funded by the company's own capital, ensuring no impact on its normal operations or current financial and operating conditions. The company will monitor investment progress and mitigate risks through thorough due diligence and post-investment management.