Sichuan Changhong (600839.SH): Intended to participate in the establishment of the Changhong Science and Technology Innovation Fund

Zhitong Finance App News, Sichuan Changhong (600839.SH) announced that the company and its holding subsidiaries, Sichuan Changhong Xinwang Technology Co., Ltd. (Xinwang Technology for short), Sichuan Changhong Equity Investment Management Co., Ltd. (Changhong Equity Investment Company for short) intend to jointly invest with the company's affiliate Sichuan Huafeng Technology Co., Ltd. and other investors to establish a Changhong Technology Venture Equity Investment Fund Partnership (limited partnership) (tentative name, Changhong Science and Technology Innovation Fund for short). The total amount of capital pledged by the fund is 1 billion yuan, of which the company and Xinwang Technology plan to pledge a total investment of 565 million yuan with their own capital as limited partners; Changhong Equity Investment Company plans to pledge 3.5 million yuan with its own capital as general partner, fund manager, and executive partner.

The fund mainly invests in projects in the fields of smart hardware (including smart appliances and core devices), digital economy, and healthcare. The purpose of this investment is to utilize the industry experience, investment resources and investment management capabilities of professional investment institutions to explore high-quality targets with outstanding core competitiveness around the company's industrial layout, and enhance the company's long-term sustainable development capabilities and comprehensive competitiveness.