Suzhou Planning & Design Research Institute (301505.SZ) plans to contribute RMB 35 million to subscribe for shares in Gongqingcheng Zhonghe Yuanwu Venture Capital Fund.

Suzhou Planning & Design Research Institute (301505.SZ) announced that, in order to better utilize the capital market, leverage the experience and resources of professional investment institutions, strengthen the company's investment capabilities, and enhance its overall competitiveness and profitability, the company is cooperating with professional investment institution Zhonghe Wanfang Private Equity Fund Management (Beijing) Co., Ltd. As a limited partner, the company will contribute RMB 35 million of its own funds to subscribe for fund shares in Gongqingcheng Zhonghe Yuanwu Venture Capital Partnership (Limited Partnership). The partnership will mainly conduct equity investments, through investing in private equity funds/private venture capital funds, in projects with outstanding competitive advantages among market entities in artificial intelligence (AI) and the development of new quality productive forces.