FRIENDTIMES (06820) intends to subscribe for limited partnership interests in Juyuan Jiangcheng Fund and Juyuan Bowen Fund, with a total capital contribution of RMB60 million.

FRIENDTIMES (06820) announced that on April 23, 2026 and November 12, 2026, the Group respectively entered into two partnership agreements with general partners Suzhou Juyuan Xincore and SMIC Juyuan (Ningbo), pursuant to which the Group has agreed to subscribe for limited partnership interests in Juyuan Jiangcheng Fund and Juyuan Bowen Fund, with capital contributions of RMB20 million and RMB40 million respectively. The Group's capital contributions for the subscriptions were all funded from its own funds. SMIC Juyuan (Ningbo), the general partner of Juyuan Bowen Fund, was established in May 2018. As a professional investment platform and fund management vehicle under the SMIC Juyuan system, it primarily conducts equity investments and fund operations in semiconductors, integrated circuits and related industrial chains. Suzhou Juyuan Xincore, the general partner of Juyuan Jiangcheng Fund, was established in November 2019. As a professional investment platform and fund management vehicle under the SMIC Juyuan system, it primarily conducts equity investments and fund operations in semiconductors, integrated circuits and related industrial chains. The subscriptions are intended to leverage the fund managers' professional investment experience and risk management capabilities to diversify the Group's investment portfolio and improve its capital utilization. Given the Board's optimistic view on the long-term prospects of the hard technology and strategic emerging industries sectors, the subscriptions will also enable the Group to access potential investment opportunities in these sectors and provide opportunities to generate investment returns.