Andon Health Co LtdCompany invests 70 million yuan as LP in a fund, a capital allocation move with uncertain returns.

Andon Health announced that Yibin Dingfeng Venture Capital Partnership, in which it participates as a limited partner, has completed its fundraising. All partners have fully paid their subscribed capital contributions, with total paid-in capital amounting to 1.05 billion yuan. The company contributed 70 million yuan, representing 6.67% of the subscribed capital. The fund is managed by Jiaxing Wuyuefeng Investment Management as the fund manager, with Jiashan Dingfeng Zhishan Venture Capital Partnership serving as the general partner. The company disclosed its participation in the investment in September 2022, and the fund completed its registration in January 2023.
Andon Health Co LtdCompany invests 70 million yuan as LP in a fund, a capital allocation move with uncertain returns.