According to Youngor's announcement, the company, as a limited partner, used 220 million yuan of its own capital to subscribe for an additional share of Hengdian Baihui Venture Capital Partnership, accounting for 13.33% of the total capital pledged after this additional share. The fund invests in high-tech enterprises with high growth potential. After this subscription, the target scale was 1,650 billion yuan. The fund will last for 12 years, including an investment period of 8 years and an exit period of 4 years. This transaction does not constitute a related transaction or major asset restructuring. Internal approval procedures have been completed, and there is no need to submit it to the board of directors or shareholders' meeting for review. Currently, the fund is in the capital increase subscription stage, and there is uncertainty about subsequent implementation. The company bears limited liability up to the amount of capital pledged.

According to Youngor's announcement, the company, as a limited partner, used 220 million yuan of its own capital to subscribe for an additional share of Hengdian Baihui Venture Capital Partnership, accounting for 13.33% of the total capital pledged after this additional share. The fund invests in high-tech enterprises with high growth potential. After this subscription, the target scale was 1,650 billion yuan. The fund will last for 12 years, including an investment period of 8 years and an exit period of 4 years. This transaction does not constitute a related transaction or major asset restructuring. Internal approval procedures have been completed, and there is no need to submit it to the board of directors or shareholders' meeting for review. Currently, the fund is in the capital increase subscription stage, and there is uncertainty about subsequent implementation. The company bears limited liability up to the amount of capital pledged.