ZJ Innolight allocates 24.75 million yuan to participate in Ganrong Sheng Run fund

Deep News
Aug 12

ZJ Innolight (03308) has announced that its wholly-owned subsidiary, Chengdu Zhihe Guangtong Technology Co., Ltd. (hereinafter referred to as "Chengdu Zhihe"), plans to invest 27.45 million yuan from its own funds to acquire a stake in Suzhou Ganrong Sheng Run Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Ganrong Sheng Run" or "the fund", with the specific name subject to final industrial and commercial registration), becoming a limited partner of the partnership.

Upon completion of this investment, Chengdu Zhihe will hold a 90.00% stake in the partnership. The company stated in the announcement that this investment aims to continuously expand its investment layout, promote the sharing and integration of advantageous resources, achieve a fusion of industry and capital, and enhance its core competitiveness. Additionally, the investment fund can achieve capital appreciation through project investments, thereby better facilitating the company's sustainable development.

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