Yanghe Co., Ltd. spent 3 billion yuan to set up a parent fund, focusing on four major fields including large consumption and new economy.

On the evening of August 9, 2022, Yanghe (002304.SZ) announced that the company's board of directors reviewed and approved the company to set up a wholly -owned subsidiary with its own funds and jointly invest with professional investment institutions. The specifics are as follows:

1. The company contributed 3 billion yuan to establish Jiangsu Yanghe Dream Investment Management Co., Ltd. (hereinafter referred to as "Yanghe Dream Investment").

2. Yanghe Dream Investment Investment of 010 million yuan Establish Jiangsu Yanghe Blue Investment Management Co., Ltd. (hereinafter referred to as "Yanghe Blue Investment").

3. Yanghe Blue Investment contributed 10 million yuan to subscribe to the Huataiyang River Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Huataiyang River Mother Fund") ordinary partnership share. Yanghe Blue Investment does not have the qualifications of private equity fund managers, does not engage in financial -related businesses, and will not issue any private equity products in the future.

4. Yanghe Dream Investment invested 2.99 billion yuan to subscribe to the Huatai Yanghe Mother Fund's limited partnership share.

5. The board of directors authorized the company to operate the management and managed the relevant matters related to the establishment of the aforementioned subsidiary and jointly invested with professional investment institutions.

The announcement revealed that the fund size of Huataiyang River Equity Investment Partnership (Limited Partnership) was 5 billion yuan. Its ordinary partners were Huatai Zijin and Yanghe Blue Investment. The fund manager was established by Huatai Zijin and was established through cash. The duration of the fund is 10 years, of which the investment period is 4 years and the exit period is 6 years.

Figure source: Yanghe Co., Ltd. Announcement

In terms of investment direction and planning, the fund focuses on investment in the fields of large consumption, new economy, big health, new technology and other fields. Among them, large consumption mainly includes smart homes, healthy food, food, agricultural technology and other fields; the new economy mainly includes digitalization, Web3.0 Fields; major health mainly include drugs, medical devices, consumer medical care, etc. New technology mainly include semiconductor, new energy, new materials and other fields.

Yanghe shares said that the purpose of this investment is based on the company's long -term strategic goal of development, through the development of parent fund investment, strengthening idle funds management, and building a more scientific investment business layout and investment management system; the second is to explore marketization The mother fund forms financial investment to contribute to the company's expected stable benefits to the company; third, through large -scale investment, further linked market -oriented investment and industrial resources, expand corporate influence, and build an investment ecological circle to empower the main business.

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