MetaLight Inc. announced that its consolidated affiliated entity Wuhan Yuanguang entered into a partnership agreement on 9 March 2026 with Chuangxiang Shidai Investment, Guangzhou Angel Master Fund and Yuehe Ruicheng to establish Guangzhou Chuangxiang Yuanguang Artificial Intelligence Venture Capital Fund Partnership (Limited Partnership).
The fund will raise RMB101.10 million in cash commitments and concentrate at least 60% of its capital on artificial-intelligence segments within the digital economy. MetaLight—through Wuhan Yuanguang—will contribute RMB40.00 million, representing 39.56% of total subscriptions. Guangzhou Angel Master Fund and Yuehe Ruicheng will each commit RMB30.00 million (29.67% respectively), while general partner Chuangxiang Shidai Investment will inject RMB1.10 million (1.10%).
The partnership has a 10-year life: four-year investment period followed by a four-year withdrawal period, extendable by up to two one-year intervals with unanimous partner consent. Capital calls will be made in instalments; at least 50% of each partner’s commitment must be paid by 15 April 2026, with the balance due within three years of the fund’s filing date. If aggregate subscriptions are below RMB150 million on the first anniversary of filing, Wuhan Yuanguang may proportionally reduce its commitment.
Chuangxiang Shidai Investment serves as both general partner and fund manager and will receive an annual management fee of 2.0% of paid-in capital during the investment phase and 1.5% during the withdrawal phase; fees cease during any extension unless unanimously agreed. An Investment Decision Committee of three members—one appointed by Wuhan Yuanguang—will approve investments on a two-thirds majority.
Profit distribution follows a waterfall structure: 1. Return of paid-in capital to all partners pro rata. 2. 6% simple annual priority return to limited partners. 3. Catch-up to the general partner equal to 20% of the priority return. 4. Remaining surplus split 20% to the fund manager and 80% to partners pro rata. Losses up to the amount of paid-in capital are shared pro rata; any excess loss is borne by the general partner.
The transaction qualifies as a discloseable transaction under Chapter 14 of the Hong Kong Listing Rules, as the highest applicable percentage ratio exceeds 5% but remains below 25%.
Management stated that the investment aligns with MetaLight’s AI-centric strategy, offers potential financial returns, and provides early access to emerging technologies relevant to its intelligent transportation and data-technology businesses. The company will fund its RMB40.00 million commitment from internal resources, with no use of global offering proceeds, and does not expect any material impact on liquidity or day-to-day operations.
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