On December 31, Gulonghui reported that Ningbo Joyson Electronic Corp. (600699.SH) announced that in order to fulfill the mission of the national level Fund policy and to comprehensively support the company's innovative development and business layout in forward-looking areas such as the digital economy and new business formats, as approved by the State Council, the Ministry of Finance, the Ministry of Commerce, and China Merchants Capital Management (Peking) Co., Ltd. (referred to as "China Merchants Capital (Peking)") jointly initiated the establishment of the second phase of the Service Trade Innovation Development Guidance Fund (Limited Partnership). This fund will focus on and invest in areas such as the digital economy and new business formats, including Smart City, data and Cloud Computing, Software and Information, supply chain management and Logistics, Intelligent Transportation, etc., to support the cultivation of new business formats and new models in service trade. China Merchants Capital (Peking) will serve as the general partner and executive managing partner of this fund, as well as the fund manager. The company's wholly-owned subsidiary, Joyson Technology, intends to sign relevant partnership agreements with China Merchants Capital Management (Peking) Co., Ltd. (referred to as "China Merchants Capital (Peking)"). According to the agreement, the total investment amount of the Service Trade Fund Phase II is 10 billion RMB, and Joyson Technology, as a limited partner, intends to subscribe for an investment of 0.3 billion RMB to participate in the establishment of the Service Trade Fund Phase II, accounting for 3% of the total investment amount of the Service Trade Fund Phase II.

This partnership enterprise adopts a "mother fund + direct investment" model for market-oriented operations to guide social capital towards service trade enterprises with overseas income. Key investments will be directed towards the重点领域 listed in the "Guiding Catalog of Key Areas for Service Exports" and the "Guiding Catalog of Key Development Areas for the Service Outsourcing Industry" to implement the requirements of the "State Council General Office's Opinions on Accelerating the Development of New Business Formats and New Models in Foreign Trade," supporting the cultivation of new business formats and new models in foreign trade, including new formats and models such as cross-border e-commerce, cross-border Logistics, overseas warehouses, as well as enterprises in service trade and digital trade in the digital economy.

This investment will leverage the professional investment institutions' advantages in professional judgment and investment management, combined with the company's experience in the industrial sector, providing a solid foundation for the company's long-term development and strategic exploration. It will help promote the company's innovative development and business layout in forward-looking areas such as the digital economy and new business formats, creating new performance growth points for the company and achieving its long-term sustainable development, which aligns with the interests of the company and all Shareholders.