Shadow Stone Innovation: Wholly-owned subsidiary Highfly intends to subscribe for capital and establish a fund with a capital commitment of 100 million yuan.

Ying Shi Innovation announced that its wholly-owned subsidiary Yilugao Fei plans to establish Shenzhen Fengrui Yingjia Entrepreneurship Investment Center with partners including Shenzhen Ruihong. Yilugao Fei intends to subscribe for RMB 100 million as a limited partner, accounting for 27.50% of the total investment. The fund will focus on investing in the field of new generation information technology, with an investment period of 4 years from the first delivery date of the fund, and an exit period from the day after the investment period expires to the expiration date of the partnership enterprise.