CHINA COMM CONS to Invest 200 Million Yuan in Technology Fund for Smart Transportation

Stock News05-28

CHINA COMM CONS (01800) announced that on May 28, 2026, its wholly-owned subsidiary Zhongjiao Dingxin (as a general partner), along with Zhongjiao Capital (as a limited partner), ICBC Capital (as a general partner), Xinke Group (as a limited partner), ICBC Investment (as a limited partner), and Chongqing Industrial Fund of Funds (as a limited partner) entered into a partnership agreement. Accordingly, Zhongjiao Dingxin, ICBC Capital, Zhongjiao Capital, Xinke Group, ICBC Investment, and Chongqing Industrial Fund of Funds intend to contribute cash investments of 5 million yuan, 5 million yuan, 195 million yuan, 200 million yuan, 295 million yuan, and 300 million yuan, respectively, to establish the Transportation Information Technology Fund. These contributions represent 0.5%, 0.5%, 19.5%, 20%, 29.5%, and 30% of the fund's partnership interests, respectively. The Transportation Information Technology Fund will primarily invest in areas related to intelligent equipment, smart transportation, and intelligent construction based on new-generation information technologies such as AI, BIM, cloud computing, satellite internet, and the low-altitude economy. The fund's investment focus is highly aligned with the company's strategic direction for emerging industry development and core technological breakthroughs. The inclusion of Xinke Group as an investor leverages its industrial resource platform advantages, providing support in areas such as sourcing high-quality projects, industry technology assessment, investment risk control, and industrial scenario synergy. Establishing this fund will help the company integrate internal and external resources, enhance its industrial fund portfolio, and promote the organic fusion of industrial and financial resources through an innovative "industry + capital" investment model. It aims to build an ecosystem around the company's industrial chain by effectively integrating invested projects with its industrial and technology chains. This approach will enable the fund to serve as a "capital hub," enhancing the company's influence and control over the upstream and downstream segments of the industrial chain. The initiative aligns with the group's overall development strategy and business layout, improving the synergy between the company's investments and its core business development while strengthening support for its primary operations.

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