Dazhong Public Utilities Terminates Investment in Wuxi Lvyao Fund

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Dazhong Public Utilities announced the termination of its investment in Wuxi Lvyao Venture Capital Partnership, a limited partnership, because the fund was unable to achieve the agreed investment objectives, triggering dissolution clauses. The company had originally planned to subscribe 150 million yuan as a limited partner, co-establishing Wuxi Lvyao with Dazhong Transportation and Beijing Lvdong. The proposal was approved on July 29, 2026. As of now, Wuxi Lvyao has completed business registration but has not yet completed the fund filing process and has not made any actual investments. In the first quarter of 2026, Dazhong Public Utilities achieved revenue of 2.108 billion yuan and net profit attributable to the parent company of 50.83 million yuan.

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