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Did Kerry withdraw its capital from the Kyoho Kerry Project?
Withdraw funds. According to Qingdao local treasure, on March 13, 2023, the government affairs network of Qingdao West Coast New District released the "Public Notice on the Cancellation of Qingdao Jufeng Technology Venture Capital Co., Ltd.", which mentioned that according to the document "Implementation Opinions of Qingdao West Coast New District Management Committee of Qingdao West Coast New District Working Committee on the Reform and Innovation of Qingdao Development Zone System and Mechanism" (Qingxi New Working Committee [2022] No.47), Qingdao Jufeng Technology Venture Capital Co., Ltd. (hereinafter referred to as "Jufeng Kechuang") carried out institutional mechanism reform, and Kerry Construction Management (Shanghai) Co., Ltd. (hereinafter referred to as "Kerry Construction") withdrew and no longer participated in the operation and management of Jufeng Kechuang as a shareholder. Therefore, Kerry Construction withdrew from the Jufeng Kerry Project.
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