Yanghe Brewery adjusts smart manufacturing fund investment, increases stake

Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. announced adjustments to its joint investment in the Smart Manufacturing Strategic Emerging Industry Mother Fund (tentative name). While the company's commitment remains yuan 300 million, the fund's target scale has been reduced to yuan 1.5 billion from yuan 2 billion. This change means Yanghe Brewery will now hold a 20% stake in the fund, up from the previously planned 15%.

The fund's manager has also been changed from Suqian Zhannew Private Equity Fund Management Co., Ltd. to Suqian Industrial Development Venture Capital Co., Ltd. This transaction constitutes a connected transaction as Suqian Industrial Development Venture Capital is jointly established by Yanghe Group and Suqian Industrial Development Group, which are related parties to Yanghe Brewery.

The revised investment was approved at a board meeting on December 17, 2025. The fund aims to invest in smart manufacturing sectors within Suqian, focusing on robotics, AI, smart equipment, data, and low-altitude industries. The fund has a 15-year term, comprising an 8-year investment period and a 7-year exit period.