On November 12, Zhongji Innolight announced that its wholly-owned subsidiary, Zhongji Innolight (Shanghai) Investment Co., Ltd., plans to use RMB 50 million of its own funds to subscribe for a partnership interest in Hangzhou Guanghe Phase III Venture Capital Partnership (Limited Partnership), becoming a limited partner in the fund. Upon completion of the investment, the company will hold a 3.28% partnership interest in the fund. Following this capital contribution, the fund's total subscribed capital will reach RMB 1.526 billion. This outbound investment falls within the president's authority for approving outbound investments and does not require deliberation by the board of directors or the shareholders' meeting. It does not involve related-party transactions and does not constitute a major asset restructuring. The fund focuses primarily on early-stage and growth-stage projects in sectors such as artificial intelligence, hard technology, new materials and green technology, medical technology, green and low-carbon solutions, and cutting-edge technologies. It has an initial term of eight years, with the first four years designated as the investment period. The company stated that this investment will further expand its investment footprint in the technology sector and is not expected to have a material impact on its operating performance in the short term.