Century Huatong announced that Jiaxing Xingsong Enterprise Management Partnership, a wholly-owned subsidiary of the company, signed a partnership agreement with Beijing Shangshi Investment Management Co., Ltd., and as a limited partner, pledged 650 million yuan in its own capital to participate in the investment of Shuxiang Shangshi Venture Capital Partnership. The partnership's investment direction is emerging industry opportunities in the field of cutting-edge technology. The term of existence is eight years from the date of first delivery, which can be extended according to regulations. Beijing Shangshi acts as the general partner and fund manager. This investment does not need to be submitted to the board of directors or shareholders' meeting for review, and does not constitute a related transaction or major asset restructuring. Currently, the fund is still in the fundraising stage, and there is a risk that the investment will fall short of expectations or loss.

Century Huatong announced that Jiaxing Xingsong Enterprise Management Partnership, a wholly-owned subsidiary of the company, signed a partnership agreement with Beijing Shangshi Investment Management Co., Ltd., and as a limited partner, pledged 650 million yuan in its own capital to participate in the investment of Shuxiang Shangshi Venture Capital Partnership. The partnership's investment direction is emerging industry opportunities in the field of cutting-edge technology. The term of existence is eight years from the date of first delivery, which can be extended according to regulations. Beijing Shangshi acts as the general partner and fund manager. This investment does not need to be submitted to the board of directors or shareholders' meeting for review, and does not constitute a related transaction or major asset restructuring. Currently, the fund is still in the fundraising stage, and there is a risk that the investment will fall short of expectations or loss.