According to the "Anhui Province Emerging Industry Guidance Fund formation Plan", "Anhui Culture and digital creative Industry Investment fund transfer plan" and other relevant requirements, is now open to solicit Anhui culture and digital creative industry investment fund sub-fund management institutions。The relevant announcements are as follows:

　　I. Introduction of Anhui Cultural and digital Creative Industry Investment Fund

　　Anhui Cultural and Digital Creative Industry Investment Fund (referred to as "Provincial Cultural and Creative Fund") is one of the ten theme funds in Anhui Province's emerging industry guidance fund, with a total scale of no less than 5.5 billion yuan and a duration of 10 years。Anhui Cultural Industry Investment Private Fund Management Co., LTD. (hereinafter referred to as "Cultural Investment Fund Management Company") is the provincial cultural and creative fund management organization。In accordance with the strategic deployment and "double recruitment and double introduction" requirements of the central and Anhui Provincial Party committees and provincial governments on the development of cultural and digital creative industries, the Fund focuses on the major strategy of building an innovative and culturally strong province in Anhui Province, undertakes the return investment of national funds, guides social capital investment, and connects leading enterprises in and outside the province in the field of cultural and digital creativity。

　　Second, the sub-fund management agency selection conditions

　　(1) Management qualification

　　Before the formal signing of the partnership agreement (or the articles of association), the sub-fund management institution shall have a paid-in capital of no less than 10 million yuan, complete the relevant registration procedures of the private equity investment fund manager with the Asset Management Association of China, and meet the regulatory requirements of the regulatory authorities to regulate the disorderly expansion of capital。

　　(2) Management team

　　The fund management institution shall set up a fixed office in Anhui Province and be equipped with a dedicated and stable management team，At least 3 senior managers with more than 3 years of industrial project investment experience or related industry experience，At least 1 core staff resident in Anhui office;The main members of the management team have not been punished by administrative authorities or judicial organs;Within 3 years has not been punished by the industry self-regulatory organization。

　　(3) The scale of subscription

　　The sub-fund management institution shall contribute capital to the funds under its management, and the amount of subscribed capital contribution shall not be less than 1% of the subscribed scale of the sub-fund in principle。

　　3. Sub-fund declaration requirements

　　(1) Organizational form and duration

　　The sub-fund may be organized in the form of a corporation or limited partnership。The duration of the sub-fund is generally not more than 8 years。According to the operation of the Fund, it can be extended for 2 periods, each period of 1 year。Encourage early fundraising, early investment and early exit。The sub-fund shall, in principle, be registered in Anhui Province。

　　(2) Capital contribution requirements

　　The total size of a single sub-fund is not less than 100 million yuan。Among them, the contribution ratio of the provincial cultural and Creative fund to the single sub-fund is not higher than 30% of the total amount of the sub-fund in principle, and the remaining funds are raised according to law。In principle, the sum of the financial funds at the provincial, municipal and county levels, the government-guided mother funds and the sub-funds actually contributed by local wholly state-owned enterprises shall not be higher than 50% of the total paid-in sub-funds。

　　(3) Investment areas

　　The investment direction of the Sub-fund shall meet the needs of the development of cultural and digital creative industries in our province, including cultural industry, digital creative industry, tourism and other related industries that are highly related to culture。In principle, the cumulative investment of the sub-fund in a single enterprise shall not exceed 20% of the scale of the sub-fund。

　　(4) Requirements for return investment

　　The amount invested by the Sub-Fund in cultural and digital creative industry enterprises in Anhui Province shall not be less than 1. 1 of the financial contribution of the provincial cultural and creative Fund.2 times, the specific return requires separate negotiations。In order to further strengthen the key role of fund investment in the work of "double recruitment and double introduction", the investment can be calculated as the investment amount of the fund invested in registered enterprises in Anhui Province, including:

　　1.During the duration of the fund, the registered place of the invested enterprise outside Anhui Province moves to the province, and promises not to move out within 5 years after moving in, or be acquired by the registered enterprise in Anhui Province (limited to the holding type acquisition or acquisition combination);

　　2.The invested enterprise is registered outside Anhui Province, settles its corporate headquarters, regional headquarters, tax payer, production base, research and development base in Anhui Province through investment in the project, or establishes a subsidiary in Anhui Province, and the paid-in capital is not less than the amount of investment of the sub-fund in the invested enterprise outside Anhui Province;

　　3.The fund management company or the management company belonging to the same actual controller manages other funds that are not part of the guide fund system, and newly invests in enterprises registered in Anhui Province or invests in enterprises registered outside Anhui Province and conforms to the foregoing circumstances。

　　(5) Project reserves and fundraising requirements

　　The sub-fund management institution shall provide a list of reserve projects (including realizable reinvestment projects) when reporting.。Before the investment decision of the parent fund, the sub-fund management institution shall provide the investment commitment letter or internal decision document of the proposed investor other than the parent fund。

　　4. Preferential selection conditions for sub-funds

　　The Provincial cultural and creative Fund gives priority to the establishment of sub-funds in Hefei, Wuhu, Chuzhou, Anqing, Bozhou and other provincial cultural and creative funds in Anhui province。

　　Under the same conditions, the provincial cultural and creative Fund gives priority to cooperation with management institutions with a high proportion of social capital investment, fast progress of social fundraising, high reinvestment multiple, rich project reserves and clear intention to land projects in the mainland city of Anhui Province。

　　5. Sub-fund declaration process

　　(1) Public solicitation

　　Venti Fund Management Company will open to the market to solicit cooperative sub-fund management institutions and conduct preliminary negotiations on the sub-fund program。

　　(2) Investment project approval

　　Venti Fund Management Company conducts preliminary screening of sub-funds and establishes projects for sub-funds that meet the investment direction and investment conditions。

　　(3) Due diligence

　　Wti Fund Management Company conducts due diligence on sub-fund management institutions。

　　(4) Investment decision-making and implementation

　　To make investment decisions on the funds to be invested according to the principles of marketization, the investment Fund management Company shall carry out investment negotiations, agreement signing, fund contribution and other work according to the investment plan。

　　Vi. Information required for subfund declaration

　　(A) sub-fund establishment or capital increase plan;

　　(2) the capital contribution commitment letter or capital contribution certificate of the main investor;

　　(3) relevant materials of the sub-fund management institution;

　　(4) Other materials that should be submitted。

　　Vii. Other matters

　　1.According to the requirements of Attachment 1, the applicant shall provide stamped declaration materials to the mailbox 15255125339@163.com and prepare application materials in accordance with Annex 2, with a deadline of March 31, 2023。

　　2.The reporting agency shall undertake to take full responsibility for the legality, authenticity, effectiveness and consistency of the reporting materials. If false materials are provided, the fund management Company will no longer cooperate, and serious cases will be held accountable according to law。

　　3.This announcement is only an invitation to invite and does not constitute a legal offer。The sub-fund management institution will determine the best in accordance with the above procedures, and will not notice further if it is not selected。

　　4.Venti Fund Management Company has the right of final interpretation of the declaration related matters。

　　Contact: Jin Haibo, tel: 0551-63353687, 15255125339。

   Annex 1: Application Report.docx　

   Annex 2: List of Provincial Cultural and Creative Fund sub-funds due diligence.xlsx

　

　　Anhui Cultural industry investment private fund management Co., LTD