Weihua New Materials to Invest in Zhishun Venture Fund

Weihua New Materials announced on May 8 that it plans to collaborate with Zhilu Capital and Yanbo Capital to establish the Zhishun Venture Fund, with a total scale of 300 million yuan. According to Jin10, the fund will focus on the new quality productivity sector. As a limited partner, Weihua New Materials intends to contribute 30 million yuan using its own funds. Runtu Co., Ltd. is an affiliated party to Weihua New Materials, making this transaction a related-party transaction, though it does not constitute a major asset restructuring. The matter has been approved by the independent directors' special meeting and the board of directors, and does not require submission to the shareholders' meeting. The fund has not yet completed its business registration, and there is uncertainty in its implementation, with potential risks of returns not meeting expectations.