Wan Kai New Materials (301216.SZ) plans to subscribe for Shenzhen Huakong Frontier Technology Private Venture Capital Fund for no more than 30 million yuan

According to Zhitong Finance App, Wan Kai New Materials (301216.SZ) announced that the company plans to use no more than RMB 30 million of its own capital to subscribe to the fund share of Shenzhen Huakong Frontier Technology Private Equity Venture Capital Fund (limited partnership) (hereinafter referred to as the “partnership” or “target fund”), which is expected to account for 0.50% of the total size of the bid fund. The general partner of the target fund is Shenzhen Shenzhen Investment Huakong Industrial Investment Co., Ltd. (hereinafter referred to as “Huakong Industrial Investment”), and the fund manager is Khorgos Huakong Venture Capital Co., Ltd. (hereinafter referred to as “Huakong Venture Capital”).

The company uses its own funds to subscribe for partnership shares. The aim is to participate moderately in venture capital on the premise of ensuring the development of the main business, use the superior resources and professional investment experience of professional investment institutions to expand investment channels, improve the efficiency of capital use, and obtain more return on investment for the company and shareholders.