Zhitong Finance App News, Shangfeng Cement (000672.SZ) announced that Ningbo Shangrong Logistics Co., Ltd. (hereinafter referred to as “Ningbo Shangrong”), a wholly-owned subsidiary of the company, used its own capital of RMB 100 million to establish a special equity investment fund - Suzhou Industrial Park Xincheng Venture Capital Management Partnership (Limited Partnership) (hereinafter referred to as “Suzhou Xincheng”) as a joint venture with the professional institution Suzhou Industrial Park Lanpu Venture Capital Management Partnership (ordinary partnership). Ningbo Shangrong holds 55.60% of Suzhou Xincheng's investment share (based on paid-in capital). As of the date of this announcement, Suzhou Xincheng held 2577.06 million shares, accounting for 0.2589% of Onruiwei's total share capital after the initial public offering. This portion of shares cannot be transferred within 12 months from the date of Onruiwei's listing.

Zhitong Finance App News, Shangfeng Cement (000672.SZ) announced that Ningbo Shangrong Logistics Co., Ltd. (hereinafter referred to as “Ningbo Shangrong”), a wholly-owned subsidiary of the company, used its own capital of RMB 100 million to establish a special equity investment fund - Suzhou Industrial Park Xincheng Venture Capital Management Partnership (Limited Partnership) (hereinafter referred to as “Suzhou Xincheng”) as a joint venture with the professional institution Suzhou Industrial Park Lanpu Venture Capital Management Partnership (ordinary partnership). Ningbo Shangrong holds 55.60% of Suzhou Xincheng's investment share (based on paid-in capital). As of the date of this announcement, Suzhou Xincheng held 2577.06 million shares, accounting for 0.2589% of Onruiwei's total share capital after the initial public offering. This portion of shares cannot be transferred within 12 months from the date of Onruiwei's listing.