Puhui Wealth Investment Management Co., Ltd. announced that it has entered into a Strategic Cooperation Agreement with YINGKE Innovation Asset Management Co., Ltd. ("YINGKE PE"), to jointly establish an equity investment fund in the scale of RMB 1 billion (the "Investment Fund"). Pursuant to the Agreement, the Investment Fund will target investment opportunities in sectors of bio-pharmaceuticals, medical and health care, intelligent manufacturing, consumer upgrade, new energy, environmental protection and other industries in China. The specific terms of the cooperation between the Company and YINGKE PE, are being further developed between the parties.