China Communications Construction Group: The establishment of Communication Fund Company will focus on investment layout in the fields of intelligent rail transit and intelligent low-altitude.

On May 9th, Tonghao Venture Capital Management Co., Ltd. was officially registered and established. The registered capital of Tonghao Fund company is 100 million RMB, fully funded by Tonghao Capital, a wholly-owned subsidiary of CRRC. Its business scope includes private equity fund management and venture capital fund management services. In the next step, Tonghao Fund company will focus on investing in the four core areas of intelligent rail transit, intelligent low altitude, smart city, and intelligent operations.