[Updates from Portfolio Companies] Chongqing Environmental Fund's Investment: Interactive AI Pioneer ShengTong Technology Successfully Listed on the Hong Kong Stock Exchange!

On July 10, 2024, Chongqing Environmental Protection Industry Private Equity Investment Fund Management Co., Ltd.'s investment project—Shanghai ShengTong Information Technology Co., Ltd. (referred to as "ShengTong Tech," stock code: 2495.HK)—successfully listed on the Hong Kong Stock Exchange (HKEX). Han Yong, Chairman of Chongqing Environmental Protection Fund Company, Wang Xue, General Manager, and key members of the company's core team were invited to attend the Hong Kong listing ceremony.

Since its establishment in 2005, ShengTong Technology has been deeply rooted in the enterprise communication solutions sector for nearly two decades, evolving into a leading provider of end-to-end, interactive AI-driven solutions tailored for businesses. The company is dedicated to enhancing the convenience and intelligence of information exchange and business interactions for enterprise users. With its exceptional technological expertise and strong market presence, ShengTong Technology has emerged as China's second-largest provider of comprehensive, enterprise-grade interactive AI solutions, holding a 3.8% market share. Additionally, it ranks sixth in China's enterprise-level interactive AI solutions market, with a 1.3% market share.

After years of iterative research and development, SoundComm Technology has leveraged its Voicecomm Brain and Voicecomm Suites to deliver a wide range of enterprise-grade solutions across multiple industries—ranging from urban management and administration to automotive & transportation, communications, finance, education, healthcare, tourism, media, e-commerce, and retail. Today, these cutting-edge solutions already serve over 100 cities and counties in China, as well as numerous countries overseas. Meanwhile, with the global surge of ChatGPT and other large-scale AI models, the field of artificial intelligence is experiencing an unprecedented wave of growth opportunities. Capitalizing on this momentum, SoundComm Technology is further strengthening and expanding its industry-leading position.

In September 2022, the Chongqing Environmental Protection Fund invested in Shanghai ShengTong Information Technology Co., Ltd., marking the sixth company successfully listed among the fund's investment portfolio. Since its establishment, the Chongqing Environmental Protection Fund has been committed to supporting the real economy through financial services, firmly focusing on equity investments while actively expanding into cutting-edge sectors such as green and low-carbon industries, new materials, new energy, the digital economy, and high-end manufacturing. To date, the fund has backed a growing number of high-quality enterprises boasting strong growth potential and independent core technologies, contributing significantly to China's environmental protection efforts, ecological development, and sustainable green growth.