On June 27, 2024, Ihang Capital and Lu'an Jinzhai County Industrial Investment Development Co., Ltd. jointly set up the Kinetic Energy Upgrade Venture Capital Fund with a total fund size of RMB 200 million, which mainly supports the local stock of high-quality enterprises in Jinzhai County through the investment mode of the parent-subsidiary fund.
The fund focuses on new energy, new materials, high-end equipment manufacturing, big health and other strategic emerging industries and local key development industries that the Jinzhai County government vigorously supports and encourages the development of, promotes the rapid development of local real economy enterprises, facilitates the upgrading of kinetic energy and transformation and upgrading of local industries in Jinzhai County, and further promotes the overall industrial clusters and ecosystems in Jinzhai County relying on further development of the underlying high-quality projects and the ability of resource integration. The Company will further promote the high-quality development of local industrial clusters and ecosystems in Jinzhai County.
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