According to Jiahua Energy's announcement, the company, as a limited partner, pledged 200 million yuan of its own capital to participate in the Tianjin Gaorong Changying Equity Investment Fund partnership, accounting for 6.1331% of the fund's target total pledged investment of 3.261 billion yuan. The fund is managed by Tibet Gaorong Capital Management Co., Ltd., and mainly invests in equity investments in emerging industries and has a lifespan of 7 years. This investment does not constitute a related transaction or major asset restructuring. It has been reviewed and approved by the company's board of directors, and there is no need to submit it to the shareholders' meeting for review. Currently, the fund is still in the fundraising period and has not yet completed the filing with the China Foundation Association. There are risks such as failed fundraising and investment returns falling short of expectations. The maximum loss the company bears is limited to the amount of capital pledged.

According to Jiahua Energy's announcement, the company, as a limited partner, pledged 200 million yuan of its own capital to participate in the Tianjin Gaorong Changying Equity Investment Fund partnership, accounting for 6.1331% of the fund's target total pledged investment of 3.261 billion yuan. The fund is managed by Tibet Gaorong Capital Management Co., Ltd., and mainly invests in equity investments in emerging industries and has a lifespan of 7 years. This investment does not constitute a related transaction or major asset restructuring. It has been reviewed and approved by the company's board of directors, and there is no need to submit it to the shareholders' meeting for review. Currently, the fund is still in the fundraising period and has not yet completed the filing with the China Foundation Association. There are risks such as failed fundraising and investment returns falling short of expectations. The maximum loss the company bears is limited to the amount of capital pledged.