Richinfo Technology invests in new robotics venture fund

Richinfo Technology Co., Ltd. will invest 5 million yuan in the Gongqingcheng Hengrong Phase I Venture Capital Partnership, representing 10.73% of the fund's total subscribed capital of 46.6 million yuan.

The fund, managed by Beijing Yuntai Investment Management Co., Ltd., will specifically focus on investing in a humanoid robotics company. Richinfo Technology's investment, sourced from its own funds, aims to leverage professional investment expertise to explore new market opportunities and enhance the efficiency of idle capital.

The fund has a planned operating period of seven years. Richinfo Technology will account for its investment under financial instruments, not consolidating the partnership into its financial statements. While the investment is not expected to adversely impact Richinfo Technology's financial or operational performance, the long investment cycle and illiquidity of venture funds present potential risks.