Xinhuo Technology: Li Lin holds 31.25% of the equity of ABCDE Fund, which has an AUM of US$40 million

BlockBeats reported that on August 12, Hong Kong-listed company Xinhuo Technology released its latest announcement, stating that it had signed an asset management service framework agreement with its actual controller Li Lin to provide asset management services for its affiliated funds, including ABCDE Fund, New World Fund, New Era Fund and MS Fund, with a management fee of 1-2%.

The announcement disclosed that as of June 30 this year:

· ABCDE's total assets under management were US$40 million, with Li Lin holding a 31.25% stake;

· New World Fund's total assets under management were US$20 million, with Li Lin holding a 50.00% stake.

· MS Fund's total assets under management were US$18.1 million, with Li Lin holding a 96.13% stake.

According to RootData, ABCDE has a total of 32 investment portfolios, including 12 lead investment projects, including Bitlayer, bitSmiley, Surf Protocol, UTXO Stack, etc.