Oriental Pearl has made an announcement stating that its Strategic and Investment Committee under the Board of Directors has given its approval and granted authorization for the company to take part in special fund investments, with the total investment capped at RMB 500 million. The fund is slated to acquire equity stakes in Supercomputing Convergence Digital Technology Co., Ltd. (hereinafter referred to as 'Supercomputing Convergence Co., Ltd.') via equity investments. The objective is to generate investment returns through the appreciation of these equity holdings. Specifically, the second-phase fund, known as the 'Advanced Computing Second-Phase Fund,' aims to raise RMB 714.2 million. Oriental Pearl plans to contribute RMB 244 million to this fund, which will constitute roughly 34.164% of the total amount raised. In this capacity, Oriental Pearl will act as a limited partner. When combined with its previous investment, the total contributions from Oriental Pearl amount to RMB 499 million, staying within the investment limit authorized by the Board of Directors.
