Flowing Cloud Technology Ltd. (HK:6610) has released an update.
Flowing Cloud Technology Ltd. has voluntarily disclosed its involvement as a limited partner in the establishment of the Smart Navigation Fund, a venture capital fund focused on the development of Lingshui Li Autonomous County. The company has committed RMB 10 million to the fund, which has a total capital of RMB 101 million and includes other partners such as NEEO FUND, Hainan Lingshui Equity Investment, and TD Online. The fund will have an investment period of four years and an exit period of three, with the possibility of extension.
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