Cytech Group (301557.SZ) plans to invest 20 million yuan to jointly establish a fund with professional investment institutions.

Cytech Group (301557.SZ) announced that recently, the company signed a Partnership Agreement with Zhirong Private Equity Fund Management (Nanjing) Co., Ltd. as a limited partner and general partner to establish the "Changzhou Zhirong Changyou Equity Investment Partnership Enterprise (Limited Partnership)" with its own funds. The total subscribed capital of all partners in this agreement is 20.1 million yuan, with the company planning to subscribe with 20 million yuan of its own funds, accounting for 99.5025% of the capital. Zhirong Private Equity Fund Management (Nanjing) Co., Ltd. is the fund manager in this partnership. The fund will focus on investing in upstream and downstream enterprises in national strategic emerging industries based on national industrial policies and the "15th Five-Year Plan." By investing in partnership enterprises with professional investment institutions, the company aims to explore new opportunities for industry upgrading and business expansion, identify projects with good development prospects, discover potential investment opportunities, and enhance the efficiency of fund utilization while ensuring the stable development of its core business, meeting daily operating needs, and effectively controlling investment risks.