CIMC (02039.HK): Unit to Invest RMB299m in RMB1bn Energy Storage Fund

NewTimeSpace News: On 30 October 2026, China International Marine Containers (Group) Co., Ltd. (stock code: 02039) published a connected transaction announcement. Through its wholly-owned subsidiary CIMC Capital Holdings, the company intends to sign a partnership agreement with the professional investment institutions Energy Storage Fund of Funds, Yuanzhi Energy Storage (a wholly-owned subsidiary of Shenzhen Capital Group), Shanhai Yuneng (a wholly-owned subsidiary of Ronghe Yuanchu) and Shenzhen Jiyuan to jointly set up Shenzhen Yuanzhi CIMC Yuanchu New Energy Storage Industry Equity Fund (Limited Partnership).

The announcement stated that the fund has a subscribed capital of RMB1 billion, of which CIMC Capital Holdings plans to subscribe RMB298.83 million as a limited partner, representing 29.88%, while Yuanzhi Energy Storage will serve as fund manager and executive partner. The fund has a term of eight years, comprising a five-year investment period and a three-year exit period that may be extended by two years with the consent of all partners, and mainly invests in China's new energy storage industry centred on electrochemical energy storage.

As of 30 September 2026, Shenzhen Capital Group and its wholly-owned subsidiaries together held 24.13% of the company's issued shares, being the largest shareholder. As Yuanzhi Energy Storage is a wholly-owned subsidiary of Shenzhen Capital Group, the transaction constitutes a connected transaction, subject to the reporting and announcement requirements under Chapter 14A of the Listing Rules but exempt from independent shareholders' approval. The company said the investment is funded by its own resources and is not expected to materially affect its operations or financial position.