Liad: Liad Investment plans to subscribe for a 39.74% stake in Guangdong Dakangyuan and the Phase 2 Venture Capital Partnership for RMB 80 million.

Layard Announcement: Its wholly owned subsidiary, Beijing Layard Investment Co., Ltd., signed the “Limited Partnership Agreement of Guangdong Dakangyuan and Phase Two Venture Capital Partnership (Limited Partnership)” with Dafeng Private Equity Fund Management Co., Ltd., Beijing Rongda Intelligent Building Engineering Co., Ltd., and others on June 1, 2026. Dakangyuan and Phase Two will make targeted investments in companies in the artificial intelligence sector that have development potential in the direction of large models, with a targeted subscribed (committed) amount of RMB 201 million. Layard Investment plans to subscribe for 39.74% of the partnership interests in Dakangyuan and Phase Two for RMB 80 million.
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