Focusing on Embodied AI Track, Three Cooperation Motor Plans to Participate in Establishing Industry Fund

Securities Daily Reporter Chen Hong

On the evening of March 16, Changzhou Sanzhe Electric Co., Ltd. (hereinafter referred to as “Sanzhe Electric”) announced that the company plans to jointly establish Changzhou Chaofeng Intelligent Industry Investment Partnership (Limited Partnership) (hereinafter referred to as “Investment Fund”) with Shenzhen Wenzheng Asset Management Co., Ltd. (hereinafter referred to as “Wenzheng Asset”) and Ye Haicheng, among others. The specific name of the fund will be subject to approval by the administrative department, with a partnership term of 8 years starting from the date of establishment.

The announcement shows that the registered location and main business premises of the investment fund are both in Changzhou Economic Development Zone, with a subscribed scale of 100 million yuan. Regarding the capital structure, Wenzheng Asset, as the general partner, plans to contribute 1 million yuan, accounting for 1%; Sanzhe Electric, as the limited partner, plans to contribute 56 million yuan, holding a 56% stake and becoming the largest contributor; Ye Haicheng and Xiong Qiangbo plan to contribute 9 million yuan and 4 million yuan, respectively, accounting for 9% and 4%; the remaining 30 million yuan will be subscribed by other social funds, accounting for 30%. In terms of investment focus, the fund will mainly target high-quality enterprises in the embodied intelligence industry chain, covering smart technology consumer products, intelligent equipment or robots, and upstream components and materials in the industry chain.

The announcement indicates that the proposed fund scale of 100 million yuan accounts for 21.04% of Sanzhe Electric’s total assets audited in the most recent fiscal year and 35.21% of its net assets. According to relevant regulatory requirements, this investment does not meet the standards for a major asset restructuring and does not constitute a major asset restructuring.

Sanzhe Electric stated: “All the funds for this investment are from the company’s own resources. This industrial investment layout is a decision made under the premise of ensuring the normal operation of the main business and is conducive to enhancing the company’s overall competitiveness. It will not have a significant impact on the company’s current financial condition and operating results.”