Gelonghui (Haining Picheng (002344.SZ)) announced on December 16th. Haining China Leather City Investment Co., Ltd. ("Investment Company"), a wholly-owned subsidiary of the company, recently worked with CITIC Construction Capital Management Co., Ltd. ("CITIC Construction Investment"), Zhejiang Harbour Industry and Finance Investment Management Co., Ltd. ("Harbour property financing Management"), Hangzhou Harbour Innovation Equity Investment Partnership (Limited Partnership) ("Harbour Venture Capital"), Yangtze River Delta (Jiaxing) Strategic emerging Industry Investment Partnership (Limited Partnership) ("Yangtze River Delta Industrial Investment"), Jiaxing Science and Technology City High-tech Industry Investment Co., Ltd. ("Jiaxing Science and Technology City"), Jiangsu Taicang Port Development and Construction Investment Co., Ltd. ("Jiangsu Taicang Port"), Xinchang County Heli Investment Co., Ltd. ("Xinchang Heli") and natural person Li Bin signed the "Jiaxing Zhejiang and Hong Kong Chunlin Equity Investment Partnership (Limited Partnership) Partnership Agreement" Jointly invest in the establishment of "Jiaxing Zhejiang-Hong Kong Chunlin Equity Investment Partnership (Limited Partnership)" ("Jiaxing Zhejiang-Hong Kong Fund" or "Partnership").
The total amount of capital subscribed by the partnership is 820 million yuan, of which the investment company, as a limited partner of the partnership, contributes 50 million yuan with its own funds, accounting for 6.10% of the total subscribed amount of the partnership. The partnership will mainly use its own funds to engage in growth equity investment, equity investment in the process of M & A, and debt-to-equity investment related to equity investment, such as convertible bonds, exchangeable bonds, and so on.