WYZK's subsidiary plans to acquire the partnership shares of Jiesheng Fund to continue project cultivation

According to the Zhitong Finance APP, WYZK (300420.SZ) announced that its wholly-owned subsidiary Jiangsu Tianwo Heavy Industry Technology Co., Ltd. (referred to as "Tianwo Heavy Industry") intends to acquire a 29.88% limited partnership interest in the Xuzhou Dusheng WYZK Intelligent Equipment Industry Fund Partnership (Limited Partnership) (referred to as "Dusheng Fund") held by the Jiangsu Xuzhou Old Industrial Base Industrial Development Fund (Limited Partnership) (referred to as "Old Industrial Fund"), and a 9.96% limited partnership interest in the Dusheng Fund held by Xuzhou High-tech Industrial Development Zone Entrepreneurship Development Co., Ltd. (referred to as "Xuzhou High-tech Chuangfa"), with a total transaction amount of RMB 87.0801 million. At the same time, Tianwo Heavy Industry intends to acquire a 59.76% partnership interest in the Dusheng Fund held by the company.

The company's controlling subsidiary Shenzhen Qianhai Hongyi Huahao Investment Co., Ltd. (referred to as "Hongyi Huahao") intends to acquire a 0.2% general partnership interest in the Dusheng Fund held by Jiangsu Shengshi Guojin Investment Management Co., Ltd. (referred to as "Shengshi Guojin"), with a transaction amount of RMB 550,700.

After the transaction is completed, the limited partners of the Dusheng Fund, Old Industrial Fund, Xuzhou High-tech Chuangfa, and WYZK, as well as the general partner Shengshi Guojin, will exit the partnership. After Shengshi Guojin exits, it will continue to be responsible for handling the cancellation procedures of the Dusheng Fund with the Asset Management Association of China. After cancellation, it will no longer be a registered fund product with the Asset Management Association of China and will change to continue as a limited partnership.

The announcement stated that the Dusheng Fund has invested in projects that include equity in important subsidiaries of the company, causing the company's business to enter the operational management segment of commercial parking lots, achieving an extension and transformation from upstream manufacturing to downstream services. Given that the Dusheng Fund is about to enter the exit period, based on the "Investment + Construction + Operation" business model proposed by the company, and relying on its equipment manufacturing advantages, it aims to become an integrated service provider for smart city parking investment, construction, and operation. To continue project cultivation and share growth dividends, the company's wholly-owned subsidiary intends to acquire limited partnership interests in the Dusheng Fund, and Hongyi Huahao intends to acquire general partnership interests in the Dusheng Fund