Hangzhou Tigermed Consulting Co. Ltd. announced that on July 12, 2021, HZ Tiger, HZ Tailong, HZ Industry Investment and HZ Hi-Tech Investment entered into the Partnership Agreement in relation to the formation of the Fund. The registered capital of the Fund shall be RMB 20 billion, of which RMB 0.2 billion shall be subscribed by HZ Tailong as the general partner, RMB 9.8 billion will be subscribed by the HZ Tiger as a limited partner, RMB 5 billion will be subscribed by HZ Industry Investment as a limited partner and RMB 5 billion will be subscribed by HZ Hi-Tech Investment as a limited partner.