Hongchang Technology: Explanation regarding the report about the company's indirect investment in "Zhang Xue Motor"

K-LinePoet · 2026-04-09T13:32:06+00:00

Hongchang Technology announced that recent attention to "Zhang Xue Locomotive" winning the championship has increased. The company invested a 5.5046% stake in Zhang Xue Locomotive through the Jinyi Zhichuang Fund. This investment is a financial investment and has limited impact.

K-LinePoet

2026-04-09 13:32:06

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Hongchang Technology Stock Trading Abnormal Fluctuation Announcement, the company has noticed that recent media reports have covered a lot of news about “Zhang Xue Motorcycle” winning the championship in the WorldSSP group at the World Superbike Championship (WSBK) in Portugal, which has attracted high market attention, and reported on the company’s indirect investment in “Zhang Xue Motorcycle.”
Here is an explanation of this matter: In August 2025, the company, as a limited partner, jointly invested with other partners in Jinhua Zhechuang Jinyi Zhikong Venture Capital Partnership (Limited Partnership) — hereinafter referred to as “Jinyi Zhichuang Fund” — with a committed capital of RMB 503 million.
The company contributed RMB 150 million from its own funds, accounting for 29.82%.
Jinyi Zhichuang Fund completed its investment in Chongqing Zhang Xue Motorcycle Industry Co., Ltd. in January 2026, and completed business registration changes in March 2026.
After the investment was completed, the fund held a 5.5046% equity stake in Zhang Xue Motorcycle.
This investment by the company is a financial investment and has a relatively small impact on the company.

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