Zhongman Petroleum: 10 million yuan to subscribe for 10% of the Tiancheng Fund.

Zhongman Petroleum announced that the company, as a limited partner, will participate in subscribing for Tiancheng Fund shares with its own funds amounting to 10 million yuan. The total subscribed capital of the fund is 100 million yuan, and the company's investment accounts for 10%. This transaction does not constitute a related party transaction or significant asset restructuring, and it does not require the approval of the board of directors or the shareholders' meeting. The fund still needs to complete industrial and commercial registration and association filing, and the investment may face risks such as long recovery periods, returns not meeting expectations, or principal losses.