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Reply on Approval of SDIC Group to Establish Zhuzhou Maxima Fund Partnership
Author: Published: 2019-05-15
About agreeing with Zhuzhou State-owned Assets Investment Holding Group Co., Ltd. to establish Zhuzhou Maxima Fund Partnership (Limited Partnership)
Zhuzhou State-owned Assets Investment Holding Group Co., Ltd .:
Your company's "Request for Zhuzhou Maxima Fund Partnership (Limited Partnership)" (Zhu Guo Tou  No. 211) and related information have been received. In accordance with laws and regulations such as the "Company Law of the People's Republic of China" and the "State-owned Assets Law of the People's Republic of China", after studying and reporting to the Municipal People's Government for approval, the reply is as follows:
I. Agree with your company and its subsidiary Zhuzhou Guotou Innovation and Venture Investment Co., Ltd. (hereinafter referred to as “SDIC Venture Capital”) to jointly invest 500 million yuan in cash to initiate the establishment of Zhuzhou Maxima Fund Partnership (Limited Partnership) "fund"). The size of the fund is 500 million yuan, of which your company as a limited partner has subscribed for 495 million yuan, accounting for 99%; SDIC Venture Capital as a general partner has subscribed 5 million yuan for investment, accounting for 1% .
2. Your company must fulfill its role as an investor, participate in fund operations in accordance with the law and regulations, prevent and control investment risks, ensure the realization of expected benefits, prevent the loss of state-owned assets, and ensure the preservation and appreciation of state-owned capital.
State-owned Assets Supervision and Administration Commission of Zhuzhou Municipal People's Government