Gelonghui, January 24, 丨 China Apparel Holdings (01146.HK) announced that on January 24, 2024, Zhuhai Credit Insurance (a company in which the company indirectly holds 49% interest and is therefore not considered a subsidiary of the company), as a limited partner, signed a “Partnership Agreement 1” with Gree Equity (as a general partner) relating to the establishment of partnership 1.
The total capital contribution of all partners to partnership 1 will be RMB 10,000,000, of which Zhuhai Credit Insurance and Gree Equity will each invest RMB 5,000,000.
On January 24, 2024, Guangdong Junrui, an indirect wholly-owned subsidiary of the company, as a limited partner, signed a “Partnership Agreement 2” with Zhuhai Xing (as limited partner) and Partnership 1 (as general partner) relating to the establishment of partnership 2. The total capital contribution of all partners to Partnership 2 will be RMB 100,000,000, of which Guangdong Junrui, Zhuhai Xinghe, and Partner 1 will each invest RMB 55,000,000, RMB 35,000,000, and RMB 10,000,000.
The business scope of partnership 1 includes: investment activities with own funds; social and economic consulting services; enterprise management; and enterprise management consulting. The business scope of partnership 2 includes equity investment, investment management, asset management, etc.
The Board of Directors is convinced that the establishment of Partnership 2 will give the Group an opportunity to access some industries and enterprises with future growth points, thereby creating favorable conditions for the transformation, development and diversification of the Group's business.