On July 29, 2024, Zijin Equity Investment (as a general partner) and limited partners Zijin Investment Shanghai, Local Industry Fund and Fujian Minxin signed a partnership agreement. According to the agreement, the parties agreed to establish a partnership enterprise.
According to the partnership agreement, Zijin Equity Investment (as a general partner), Zijin Investment Shanghai (as a limited partner), Local Industry Fund (as a limited partner), and Fujian Minxin (as a limited partner and a wholly-owned subsidiary of the company) will contribute RMB 1 million, RMB 98 million, RMB 59 million, and RMB 40 million respectively.
The proposed name of the partnership enterprise is Zijin Mining Min Investment Strait Sailing (Fuzhou) Investment Partnership Enterprise (limited partnership). The partnership enterprise mainly focuses on investing in strategic emerging industries such as new energy, new materials, and intelligence. It mainly invests in growth or medium-to-late-stage projects, and also considers primary and secondary market private placements and strategic placements.
The announcement stated that the partnership enterprise aims to bring good investment returns and maximize the value of interests to all partners by investing in target investments in the fields of new energy, new materials, and intelligence through equity investments and subsequent capital operations. The partnership enterprise will mainly invest in growth or medium-to-late-stage projects, and also consider primary and secondary market private placements and strategic placements. Anchor partners will fully utilize their respective resource advantages to provide the partnership enterprise with high-quality project resources and investment opportunities, introducing relevant resources in the industry chain. The directors (including independent non-executive directors) believe that the Group will benefit from participating in the partnership enterprise, realize revenue diversification, and cultivate growth points for the Group's long-term financial performance.