HI-TREND TECHNOLOGY: Its subsidiary Xinjuquan intends to contribute RMB 150 million to establish an industrial fund, which will primarily invest in fields such as chips, integrated circuits, and other cutting-edge, high-prosperity industrial chains

HI-TREND TECHNOLOGY announced that its subsidiary, XinJuQuan Microelectronics Co., Ltd., plans to contribute RMB 150 million with its own funds, accounting for 99.93% of the total initial contribution, to establish the industrial fund JuHua HeFeng Equity Investment Partnership. This industrial fund primarily invests in fields such as chips, integrated circuits, and other cutting-edge, high-prosperity industrial chains. This investment does not involve related party transactions and does not constitute a major asset reorganization as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies." The investment fund is in the preparatory establishment stage, the partnership has completed industrial and commercial registration, but it still needs to obtain the record from the Asset Management Association of China, and there is uncertainty in the implementation process