On June 3, Zhejiang State-owned Capital Operation Co., LTD. (hereinafter referred to as “Zhezi Operation”) made a strategic investment in Zhongkong Technology Co., LTD. (hereinafter referred to as “Zhongkong Technology”) through block trading, with an investment amount of 941.55 million yuan, and successfully held 2.8% of the shares of Zhongkong Technology.

2198-S086-ERS4 Zhejiang capital operation company

Zhejiang Capital operates the strategic investment in the control technology, one is to implement the strategic deployment of Zhejiang Provincial Party Committee and provincial government to promote high-quality economic development, in-depth implementation of the “415X” advanced manufacturing cluster cultivation project, vigorously develop new quality productivity, and accelerate the cultivation of leading enterprises in the intelligent manufacturing industry with international competitiveness and global influence;

2198-S086-ERS4

The second is to give full play to the function of the provincial state-owned capital operation platform, support the leading listed companies in Zhejiang province to continue to grow bigger and stronger, focus on enhancing core functions, improving core competitiveness, and looking forward to the layout of future industries. Zhongkang technology has a leading edge and a good foundation for development in intelligent manufacturing fields such as industrial automation, industrial software and industrial AI, and this investment is an important affirmation of the 2198-S086-ERS4 company’s market position, industry influence and investment value.

In the future, the two sides will actively carry out cooperation in the fields of industrial chain coordination, new business cultivation, capital operation and other fields for win-win development, and build a more long-term and broader development of business ecology in related industries.