GENVICT: Plans to establish a mixed equity and debt venture capital fund

On March 5th, Jin10 Data reported that GENVICT announced that the company plans to sign a "Fund Cooperation Agreement" with Shenzhen Guarantee Group Co., Ltd. and Shenzhen Huitong Financial Holdings Fund Investment Co., Ltd. to establish a mixed equity and debt venture capital fund, primarily investing in the "14+7" strategic emerging industry cluster and future industries in Nanshan District, Shenzhen. This agreement is only a preliminary framework agreement, and there is still uncertainty regarding whether a formal agreement will be signed and whether the final transaction can be completed, which may involve risks such as investment failure or losses that cannot achieve expected returns