Visual China Group (000681.SZ) issued an announcement that its wholly-owned subsidiary, Beijing Huaxia Visual Technology Group Co., Ltd. ...
Zhongtong Finance APP News, Visual China Group (000681.SZ) announced that its wholly-owned subsidiary, Beijing Huaxia Visual Technology Group Co., Ltd. ("Huaxia Vision") plans to invest 30 million yuan with its own funds, together with Hainan Zhiqiao Private Equity Fund Management Partnership Enterprise (Limited Partnership) ("Hainan Zhiqiao"), to jointly invest in Yancheng Zhihua Entrepreneurship Investment Fund Partnership Enterprise (Limited Partnership) ("Yancheng Zhihua"), serving as a limited partner.
After this investment, Yancheng Zhihua's total contribution will be 130.01 million yuan, with Huaxia Vision contributing 30 million yuan, accounting for 23.075%. Yancheng Zhihua will directly or indirectly invest in the equity of Peking Chip Chaps Technology Co., Ltd. (hereinafter referred to as "Beijing Chip Chaps", "target enterprise", "target company").
The main purpose of this investment fund is to leverage the professional team, project resources, and platform advantages of professional investment institutions to further expand the company's deep investment and layout in fields such as AIGC. Building on this investment, the company will sign a strategic cooperation agreement with the target company to co-build a "Visual Big Model" based on copyright-compliant data, empower creators, create a responsible, sustainable business model, develop AI products that meet industry application scenarios, explore possibilities for cooperation, investment with potential high-quality enterprises, and further develop. The company will fully utilize related resources to promote further development of its main business, establish new profit growth points, in line with the company's development strategy and the interests of all shareholders.