Meijin Energy updates on equity fund, highlights investment risks

Shanxi Meijin Energy Company Limited (Meijin Energy) announced the latest progress on the Anhui Junan Equity Investment Fund Partnership (Limited Partnership). Meijin Energy is a limited partner in the fund, contributing RMB 150 million. The fund has successfully completed its industrial and commercial registration and obtained a Private Investment Fund Filing Certificate.

The announcement indicates that the partners have collectively paid-in RMB 300 million to date. Meijin Energy highlighted several risks, including the potential for partners to not fully subscribe to their committed capital, leading to insufficient fundraising. Additionally, the investment carries risks due to its long investment cycle, low liquidity, and the absence of capital preservation or minimum return guarantees.

Meijin Energy emphasized that the fund's performance could be affected by industry cycles, regulatory policies, macroeconomic conditions, and the operational management of investment targets. The company cautioned investors to be aware of the investment risks.