China Everbright Ltd.’s Smart Manufacturing Fund Successfully Established and Capital RaisedFurther Accelerating the Development of the Smart Manufacturing Industry
China Everbright Limited (“CEL,” stock code: 165.HK) is pleased to announce the establishment of Qingdao CEL Smart Manufacturing Equity Investments Limited, a smart manufacturing fund worth RMB 520 million established in conjunction with the Public Service Center for SMEs of Qingdao and Qingdao Port Asset Management Co., Ltd. (“The Fund” or the “Smart Manufacturing Fund”). The ceremony for signing the management agreement as well as the first meeting of shareholders were held on 5 July 2017.
In attendance were Yin Lianchen, Executive Director and Chief Investment Officer of CEL, Du Xiaotang, President of Everbright (Qingdao) Investment Co., Ltd., Jiang Chunfeng, Vice President and Chief Financial Officer of Qingdao Port International Co., Ltd. (stock code: 6198.HK), Yang Qian, General Manager of Qingdao Port Asset Management Co., Ltd., and Qu Haiyan, Funding Director of the Public Service Center for SMEs of Qingdao.
The Smart Manufacturing Fund is managed by CEL’s senior professional team and is focused on Industry 4.0, intelligent equipment, smart manufacturing, TMT, the transformation and upgrading of traditional industries, and other equity investments in high-growth firms in fields related to the internet industry. At the same time, the Public Service Center for SMEs of Qingdao will make full use of its advantages in managing high-end equipment manufacturing firms in Qingdao, while Qingdao Port International Co., Ltd. will take advantage of its strengths in marine and port economy supply chain management. The joint efforts of all parties are sure to yield positive results for investments in the smart manufacturing industry.
