VOICECOMM (02495) Plans to Establish Partnership to Invest in Quality Companies in Future Industries Including AI, Robotics, Semiconductors, Beidou, and Low-Altitude Economy

Stock News
Aug 20

VOICECOMM (02495) announced that its board of directors has approved the company's investment in a partnership managed by Hubei Guoyi Investment Management Co., Ltd. (Guoyi Investment Management) to advance strategic investment layout and prioritized development directions in future industries, accelerating the enhancement of the company's overall competitiveness. As of the announcement date, the company has not entered into any legally binding agreements.

The partnership will be established with Hubei Guoyi Digital Intelligence Technology Innovation Service Co., Ltd. (Guoyi Digital Intelligence) as the general partner, and the company, Hubei Yangtze River Industrial Investment Fund Co., Ltd. (Yangtze River Industrial Investment Fund), and Hubei Humanoid Robot Industry Investment Fund Partnership (Limited Partnership) (Humanoid Robot Industry Investment Fund) as limited partners. The partnership is expected to have a scale of RMB 500 million, with Guoyi Investment Management serving as the fund manager.

The company expects to contribute RMB 200 million, representing 40% of the total committed capital of the partnership. The purpose and objective of establishing this partnership is to engage in legally permitted equity investment activities in mainland China, particularly focusing on investment layout in future industry sectors, generating investment returns for the partnership through professional investment management.

The partnership's investment areas will primarily concentrate on quality companies in future industry sectors including artificial intelligence, robotics, semiconductors, Beidou, and low-altitude economy. Except during the exit period of its investment portfolio, the partnership shall not invest in listed securities.

The board of directors believes that while ensuring the continuous development of its main business, the company's participation in establishing an investment fund focused on artificial intelligence will help the company leverage the professional investment expertise of its partners, identify, cultivate, and reserve quality projects and technological resources for the company. This initiative will further expand the company's interactive artificial intelligence industry layout and promote the achievement of the company's overall strategic objectives.

The company will participate in the partnership as a limited partner using its own funds, with investment risk exposure limited to its capital contribution amount.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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