Aurum: intends to participate with 100 million yuan to establish a 10 billion yuan industry investment fund.

date
21/07/2026
Aurigen announced that its wholly-owned subsidiary, Hubei Aurigen, plans to use its own funds of 100 million yuan to jointly establish the Qingdao Jinshi Cultural and Technological Investment Fund partnership enterprise with Zhongxin Jinshi, Tsingtao Brewery Group, China Literature Investment, and Jinshi Runze. The fund will have a fundraising scale of 1 billion yuan, with Hubei Aurigen holding a 10% partnership stake, focusing on new consumption and intelligent manufacturing industries. This investment has been approved by the company's General Manager's Office and reported to the Chairman of the Board, and does not require approval from the Board of Directors or Shareholders' Meeting, nor does it constitute a related party transaction or major asset restructuring. However, there are uncertainties in the establishment, fundraising, and investment returns of the fund.