China Commerce Group (01719) plans to participate in the establishment of a fund

According to the Zhitong Finance App, China Commerce Group (01719) announced that on September 7, 2026, Wuhan Zhongji, a wholly-owned subsidiary of the Company, entered into a limited partnership agreement with Changjiang Venture Capital, Hubei Port and Shipping, Wuhan Port and Hubei Hanjiang to establish a fund with a total capital commitment of RMB 300 million (equivalent to about HK$351 million). Of these, Wuhan Zhongji (as a limited partner) will contribute RMB 8 million to the fund, accounting for about 2.66% of the total capital commitment of the fund.

The Group explores potential investment opportunities from time to time. The Board believes that this is a good opportunity for the Group to earn return on investment and profit from its idle capital. Specifically, Changjiang Venture Capital has rich experience in fund management, and the fund's proposed investment project is Hanjiang, Hubei. It has been profitable since its registration and establishment, and has good business prospects. Details are further explained below.

The fund manager Changjiang Venture Capital has rich experience in fund management and a good track record. According to data available to the company, Changjiang Venture Capital currently directly manages 22 funds, with a total value of about RMB 38.8 billion. More broadly speaking, the fund management platform has participated in the establishment of more than 200 funds, with a total scale of over RMB 700 billion. Changjiang Venture Capital has a professional investment team with strong academic backgrounds. The vast majority of members hold master's and doctorate degrees from domestic and foreign universities, majoring in various fields such as finance, economics, engineering and law. The team has extensive experience in equity investment, industrial resource allocation, and fund operation. According to the information available to the company, the board of directors believes that Changjiang Venture Capital has a large lineup of professionals and strong financing and resource integration capabilities, which can help the fund generate return on investment for the Group.

The fund's investment target is the Han River in Hubei. It is an important platform for investment, construction and operation of Han River shipping infrastructure and green energy. The business includes avionics hubs, ports, waterways and shipping facilities.

As the core implementing entity of Hubei's “Han River Shipping Integration”, the development of the Han River in Hubei is deeply in line with national inland waterway shipping development policies such as the “14th Five-Year Plan for Water Transport Development” and the “Action Plan to Promote the Implementation of Inland Waterway Water Transport System Connectivity Projects”, providing it with a long-term policy-driven growth engine. The policy framework focuses on building high-grade waterways, enhancing the carrying capacity of port hubs, promoting intermodal transport connectivity, promoting smart, green and safe water transport, and jointly providing steady demand and financial support for the Han River Corridor.

According to data available to our company, the Han River in Hubei currently operates two hubs along the Han River, namely Cuijiaying Avionics Hub and Yakou Shipping Hub. The power plant has a total installed capacity of 165,000 kilowatts and is equipped with two 1,000-ton locks to provide stable support for navigation and power generation. It currently operates in five port areas, including Xiangyang Xiaohe Port, Zhongxiang Shipai Port, Shayang Central Port, Qianjiang Zekou Port, and Yangyang Port Tangbaihe Port. These port areas have 20 berths, 2,463.5 meters of shoreline, a design port throughput of 17.03 million tons, and a 171,800 square meter yard, with large-scale throughput and comprehensive service capabilities. According to the audited comprehensive financial data of Hanjiang in Hubei, for the year ended December 31, 2025, it earned more than RMB 432 million in revenue and more than RMB 110 million in net profit.