Ningde Times (03750) plans to invest 2,475 billion yuan to invest in the Hainan Times Green Industry Investment Fund to expand the layout of the carbon-neutral ecosystem sector

Zhitong Finance App News, Ningde Times (03750) announced that on August 12, 2026, Ningde Times New Energy Technology Co., Ltd. (“Company” or “Ningde Times”) signed the “Hainan Times Green Industry Investment Fund Partnership (Limited Partnership) Partnership Agreement” (hereinafter referred to as “Xiamen Puquan”) and Hainan Free Trade Port Construction Investment Fund Co., Ltd. (hereinafter referred to as “Hainan Free Trade Port Fund”) (hereinafter referred to as “Hainan Free Trade Port Fund”).

As one of the limited partners, the company participated in the “Hainan Era Green Industry Investment Fund Partnership (Limited Partnership)” (proposed to be established, hereinafter referred to as the “fund” or “partnership”). The company pledged capital of RMB 2,475 billion and held 49.50% of the fund (hereinafter referred to as the “current investment”).

As of the disclosure date of this announcement, Ningde Times New Energy Industry Investment Co., Ltd., a wholly-owned subsidiary of the company, held a 45% partnership share of Puquan in Xiamen as one of the limited partners.

The company participated in this investment as a limited partner, mainly using market-based mechanisms, combining the advantages of professional investment institutions to expand the company's layout in the field of carbon-neutral ecology, expand investment channels through market-based professional investment management teams, explore business cooperation and development opportunities, and obtain reasonable investment returns, which is in line with the company's development and shareholders' interests.

All capital sources for this investment are the company's own capital. This investment will not affect the company's normal production and operation activities, help support the company's business expansion, and meet the company's continuous development needs.