Xinhuo Technology's latest announcement disclosed: Li Lin holds 31.25% of the equity of ABCDE Fund

According to ChainCatcher, Hong Kong-listed company Xinhuo Technology issued a latest announcement stating that it has 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 management fees between 1-2%.

The announcement disclosed that as of June 30 this year, ABCDE had a total asset management of US$400 million, of which Li Lin owned 31.25%. New World Fund had a total asset management of US$200 million, of which Li Lin owned 50.00%. MS Fund had a total asset management of US$18.1 million, of which Li Lin owned 96.13%.

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