Xinxiang Tianke Energy Co., Ltd. (002015.SZ) plans to invest $10 million in a foreign private equity fund focusing on renewable energy sectors.

Zhitong Financial APP News, Xinjiang Development (002015.SZ) announced that according to the company's "energy assets + energy services" dual-wheel driven development strategy, in order to further explore the application models and scenarios of new energy and new technologies such as Internet of Things and blockchain, its overseas wholly-owned subsidiary, Usual Win Limited (English name: USUAL WIN LIMITED), intends to subscribe for 10 million US dollars in PROFUSION POWERFUND, LP (hereinafter referred to as "partnership enterprise" or "fund") with its own funds. The total size of the fund is not more than 300 million US dollars (subject to the actual amount raised). It primarily invests in equity of renewable energy industry companies worldwide. After the completion of this transaction, PUHMERCHANTSLTD. (hereinafter referred to as "investor general partner") and GaiaDTGuardiansInvestment Management Limited (hereinafter referred to as "technical general partner") are the general partners of the partnership enterprise, while Usual Win Limited is the limited partner of the partnership enterprise.