Xiangyuan New Materials: Plans to Jointly Establish a Fund with Professional Investment Institutions

MetaMuskRat · 2026-03-16T12:51:44+00:00

Xiangxuan New Materials signed an agreement with Hangzhou Chengkai Private Fund to jointly invest in and establish Lingcheng Future Venture Capital Partnership. The partnership has committed capital of 105 million yuan, with the company contributing 20 million yuan, representing a 19.05% stake. The fund will focus on investing in quality projects in emerging fields such as advanced materials and intelligent control.

MetaMuskRat

2026-03-16 12:51:44

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People’s Financial News, March 16 — Xiangyuan New Materials (300980) announced on March 16 that recently, the company signed the “Lingcheng Future (Ningbo) Venture Capital Partnership (Limited Partnership) Agreement” with Hangzhou Chengkai Private Equity Fund Management Co., Ltd. and others, intending to jointly establish Lingcheng Future (Ningbo) Venture Capital Partnership (Limited Partnership). The partnership’s committed capital is 105 million yuan, of which the company, as a limited partner, plans to contribute 20 million yuan with a 19.0476% share. The partnership will focus on emerging sectors, including but not limited to key materials and components, advanced manufacturing industries related to intelligent control technology, and other high-return projects. The investment targets will mainly be startups and growth-stage companies.

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