Lianlian Digital (02598) plans to invest 200 million yuan to participate in a fund focusing on semiconductors, AI and advanced manufacturing

Zhitong Finance App News, as announced by Digital (02598), that on October 23, 2026 (after the trading period), the company's direct wholly-owned subsidiary Lianzhou (i) entered into partnership agreements with the general partner (as general partner and executive partner of the fund), the fund manager (as the fund's manager) and other limited partners (as limited partners of the fund) relating to (including) the establishment, operation and management of the fund, and the rights and obligations of the fund partners; and (ii) entered into supplementary agreements with the general partner and fund manager, The content relates (including) to provide Lianlian Hangzhou with the fund's financial information and valuation report.

According to the partnership agreement, Lianlian Hangzhou agreed to subscribe for the fund's limited partnership interests. The pledged capital amount was RMB 200 million, accounting for about 89.98% of the total initial investment pledged by the fund of RMB 222 million. Lianlian Hangzhou's capital will be disbursed using the group's internal resources.

The fund will focus on equity investments in semiconductors, artificial intelligence, intelligent robots, advanced manufacturing, cutting-edge technology and related industries. The Board believes that the subscription is in line with the Group's strategy to build an industrial ecosystem around artificial intelligence and fintech, and is expected to enable the Group to: (i) invest in enterprise portfolios with potential return on investment in the fund's target industries through professionally managed funds; (ii) obtain technological developments and industry trend insights related to the Group's AI native strategy and product development; and (iii) explore business cooperation and ecological synergy with the companies in which the fund is invested, including applying the Group's digital payment and value-added services to such companies. The board of directors also believes that by investing in funds rather than directly investing in individual goals, the Group can use the investment experience and project development capabilities of general partners and fund managers and spread its investment risk across the investment portfolio, while limiting the Group's financial risk to the amount of capital pledged.