Subsidiary of Asiainfo Security Technologies (688225.SH) plans to establish a partnership enterprise with a private equity fund.

Asiainfo Security Technologies (688225.SH) announced that, based on the company's strategic development plan and seizing the opportunities in related industries, its wholly-owned subsidiary, Asiainfo Chengdu, intends to jointly invest with Wanxin Rongzhi, Guotai New Energy Technology Co., Ltd., and Hou Xingchi to establish the "Liangxin Ronghe (Beijing) Venture Capital Fund Partnership Enterprise (Limited Partnership)". Asiainfo Chengdu intends to subscribe for a capital contribution of 10.88 million yuan as a limited partner, accounting for 9.8115% of the total capital contribution of the partnership enterprise. Wanxin Rongzhi will act as the fund manager, general partner, and executive partner of the partnership enterprise. The partnership enterprise will focus on investing in early-stage enterprises in the fields of artificial intelligence, network security, high-end manufacturing, new energy, new materials, and new generation information technology that have core technologies and outstanding innovation capabilities, as well as selectively investing in growth-stage enterprises with promising development prospects. The total amount of investment in strategic emerging industries of other countries outside the aforementioned main investment areas shall not exceed 20% of the total actual capital contributions of the partnership enterprise.