On March 5, Guang'an Aizhong (600979.SH) made an announcement stating that it would allocate RMB 20 million from its own capital pool to co-establish the Chengdu Excellence Ruizheng Smart Technology Equity Investment Fund Partnership (Limited Partnership). This collaborative effort involves Chengdu Communications Investment Group Excellence Private Fund Management Co., Ltd., along with other partners. Guang'an Aizhong's contribution represents 10% of the fund's total capital, which is set at RMB 200 million. The primary focus of this fund will be on investments within the low-altitude drone and autonomous driving sectors, areas that are poised for significant growth and technological advancement.
