Torch Electronics (603678.SH) plans to invest 200 million yuan to participate in the establishment of an industrial investment fund

Zhitong Finance App News, Torch Electronics (603678.SH) announced that the company and Quanzhou Zihua Investment Co., Ltd. (“Zihua Investment”), a wholly-owned subsidiary of the company, participated in the establishment of the Quanzhou Fuchuang Industrial Investment Partnership (limited partnership), of which the company pledged 200 million yuan as a limited partner, accounting for 40% of the total investment share; Zihua Investment pledged an investment of 1.75 million yuan as a general partner, accounting for 0.35% of the total investment share.

The fund's investment area: It focuses on growing industries that meet the national policy direction, such as new materials, new energy, military, electronic components, high-end equipment manufacturing, and health-related consumer products. It is guided by industrial mergers and acquisitions and integrated development, and makes equity investments in primary or secondary market targets (excluding public transactions) that meet the requirements of mergers and acquisitions of listed companies in related fields.