Xiamen Tungsten Co.,Ltd. (600549.SH) Subsidiaries to Participate in Establishing M&A Fund Targeting New Materials and Smart Manufacturing

Stock News11-25

Xiamen Tungsten Co.,Ltd. (600549.SH) announced that its wholly-owned subsidiary, Xiamen XT Investment Co., Ltd., plans to invest CNY 195 million as a limited partner. Another subsidiary, Xiamen XT Jiatai Private Fund Management Co., Ltd. ("XT Jiatai"), will contribute CNY 1.75 million as one of the general partners. Together with Fujian Innovation and Entrepreneurship Investment Management Co., Ltd. ("Fujian Innovation Investment"), another general partner, and limited partners Fujian Investment & Development Group Co., Ltd. ("Fujian Investment Group") and Fujian State-Owned Haisi Investment Co., Ltd. ("Fujian Haisi"), they will jointly establish Fujian Innovation XT Yixin (Xiamen) M&A Investment Partnership (Limited Partnership). The fund, managed by Fujian Innovation Investment, has a total size of CNY 500 million.

The fund will primarily focus on investments in new materials and smart manufacturing sectors, aligning with Xiamen Tungsten's three core industrial chains—tungsten & molybdenum, energy materials, and rare earth with downstream applications—to drive industrial mergers, acquisitions, and integrated development.

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