Recently, the CEC Haihe Smart Phase II Emerging Industry Investment Fund (Tianjin) Partnership has been established, with CEC Smart Fund Management Co., Ltd. serving as the managing partner and boasting a registered capital of 1.5 billion yuan. This fund is primarily focused on private equity activities, including equity investment, investment management, and asset management. The equity structure reveals that the fund is a collaborative effort between CEC Capital Holding Co., Ltd., a wholly-owned subsidiary of CEC, Tianjin Binhai High-tech Industry Investment Fund, and Shenwan Hongyuan Group Co., Ltd.