Ningbo Tuopu Group Establishes Venture Capital Fund to Diversify Business Portfolio

Stock News03-16

Ningbo Tuopu Group Co.,Ltd. (601689.SH) has announced plans to establish a venture capital fund in partnership with Xianyun (Shanghai) Investment Management Co., Ltd. The agreement for the Ningbo Tuowei Hangke Venture Capital Partnership was signed on March 13, 2026. The initiative aims to foster the company's sustained growth by leveraging professional institutional expertise and resources, thereby broadening its industrial footprint and strategic perspective. The fund will primarily focus on equity investments in privately-held companies within emerging sectors such as advanced intelligent manufacturing, integrated circuits, new energy, robotics industry chain, new materials, and artificial intelligence. The total committed capital for the investment fund amounts to 300.01 million yuan. Ningbo Tuopu Group, serving as a limited partner, will contribute 300 million yuan from its own funds, representing a 99.9967% stake in the partnership.

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