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Eagle Ride Inv (00901) to set up fund with Oceantec Valley
Eagle Ride Investment (00901) said it entered into a
memorandum of understanding with Oceantec Valley Investment Management Co. Ltd.
  Both parties agreed to explore possible cooperation and investment opportunities and,
subject to the terms and conditions of the MOU, Oceantec Valley proposed and initiated to
establish an equity investment fund which to be positioning in the new energy materials
and energy storage sectors and Eagle Ride Investment agreed to jointly initiate and
establish the fund.
  The parties would collaborate with investment platforms of the Chinese local 
governments, relevant listed companies and well-known investment institutions to jointly 
initiate to establish the fund with a size of Rmb1 billion.
  Oceantec Valley is a company incorporated in the People's Republic of China with limited
liability. Its principal businesses are equity investment, investment management,
establishment and management of private equity funds. It mainly invests in high-tech and 
high-growth enterprises with industry-leading core competitiveness.

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