GENCH EDU's subsidiary plans to establish a partnership with Shanghai YunYao and Shanghai FengFu
Gench EDU's wholly-owned subsidiary Gench WFOE has signed a limited partnership agreement with Shanghai Yunyao and Shanghai Fengfu, planning to establish a limited partnership enterprise in China with a total investment of RMB 150 million. Shanghai Yunyao will contribute RMB 150,000 as the general partner, Gench WFOE will contribute RMB 75 million, and Shanghai Fengfu will contribute RMB 74.85 million. The enterprise will focus on venture capital, equity investment, and asset management for non-listed companies, with an emphasis on investing in emerging high-quality enterprises around the strategy of integrating industry and education
According to the announcement from Gench Education (01525), on March 28, 2025 (after trading hours), the company's wholly-owned subsidiary Gench WFOE entered into a limited partnership agreement with Shanghai YunYao and Shanghai FengFu to establish a limited partnership in China. According to the limited partnership agreement, the total capital contribution from all partners of the limited partnership is RMB 150 million, of which Shanghai YunYao (as the general partner/executive partner) has a maximum contribution of RMB 150,000, Gench WFOE (as a limited partner) has a maximum contribution of RMB 75 million, and Shanghai FengFu (as a limited partner) has a maximum contribution of RMB 74.85 million, all in cash, accounting for 0.1%, 50.0%, and 49.9% of the total contribution, respectively. The purpose of establishing the limited partnership is to engage in venture capital, equity investment, investment management, and asset management for non-listed enterprises, with a focus on the group's integration of production and education strategy, investing in emerging productive forces, new retail, new models, new scenarios, new formats, and high-quality enterprises related to these areas
