Shanghai Tongji Science&Technology Industrial Co LtdTongji Science and Technology plans to commit 20 million yuan of its own funds to a digital-economy private equity fund as a limited partner.

Tongji Science and Technology announced that the company plans to participate in the establishment of the Shanghai Shuyu Dingyuan Phase II Private Equity Investment Fund Partnership, a limited partnership. The fund's total committed capital is 341 million yuan, of which the company, as a limited partner, will contribute 20 million yuan from its own funds, accounting for 5.87 percent of the fund's total committed capital. Because one of the limited partners, Shanghai Yangpu Commerce Group Company Limited, is a shareholder holding more than 5 percent of the company's shares, and company director Xu Quan serves as chairman of the commerce group, this transaction constitutes a related-party transaction. The fund will focus on investments related to the digital economy.
Shanghai Tongji Science&Technology Industrial Co LtdTongji Science and Technology plans to commit 20 million yuan of its own funds to a digital-economy private equity fund as a limited partner.
The Shuyu Dingyuan Phase II fund is being established with 341 million yuan total committed capital, including 20 million from Tongji Science and Technology.
Shanghai Yangpu Commerce Group is a limited partner in the fund and a related party as a shareholder holding over 5% of Tongji Science and Technology.