Contributed 2.65 billion!

On November 6, Dongfang Shenghong issued an announcement saying that on November 5, the company in Suzhou and Lianyungang respectively cooperated with Soochow Venture Capital Co.
, Ltd.
, Jiangsu Fangyang Group Co.
, Ltd.
, Lianyungang Financial Holding Group Co.
, Ltd.
, and Lianyungang Industrial Investment Co.
, Ltd.
Group Co.
, Ltd.
, Lianyungang Port Holding Group Co.
, Ltd.
, Lianyungang Soda Industry Co.
, Ltd.
, and Jiangsu Lianyungang International Logistics Park Investment Co.
, Ltd.
signed the "Agreement on the Transfer of Property Shares of Lianyungang Shenghong Refining and Chemical Industry Fund Partnership (Limited Partnership)"
.

The target of this transaction is Lianyungang Shenghong Refining and Chemical Industry Fund Partnership (Limited Partnership) 9.
996 %, 40.
00%, 12.
00%, 12.
00%, 6.
00%, 6.
00%, 4.
00% property share
.

According to the announcement, the company will invest a total of RMB 2,651.
5 million to acquire 89.
996% of the property shares of Lianyungang Shenghong Refining and Chemical Industry Fund Partnership (Limited Partnership) (hereinafter referred to as the "Fund") held by the above-mentioned counterparties
.
 

After the transaction is completed, the company, as the limited partner of the fund, will hold 99.
996% of its property share, and Soochow Venture Capital Co.
, Ltd.
, as the general partner of the fund, will hold 0.
004% of its property share, and the fund will be included in the company's consolidated financial statements range
.

It is understood that the fund was established in July 2019 and is mainly engaged in equity investment business.
In August 2019, it completed the private investment fund filing with the Asset Management Association of China (registration code: SGX418)
.

The investment objective of the Fund is limited to the Company's secondary holding subsidiary Shenghong Refinery (Lianyungang) Co.
, Ltd.
(hereinafter referred to as "Shenghong Refinery") and its actual operation of the 16 million ton refining and chemical integration project of Shenghong Refinery.
Make equity investments
.
As of the announcement date, the fund has not yet achieved operating income, and only one company, Shenghong Refinery, has invested in foreign companies, with a shareholding ratio of 10.
98%
.