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Jiajia Food Amends Investment Fund Agreement

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Jiajia Food Group (SHE:002650) signed a supplemental agreement with general partner Hexing Tianjin Equity Investment Fund, amending cash management and stabilization fund rules, according to a Friday fling with the Shenzhen bourse.

The partnership, in which Jiajia holds a 99.995% stake as a limited partner with 200 million yuan invested, will now allow low-risk cash management activities including government bonds, money market funds and stable bank products.

The amendment eliminates the requirement to reserve 20% of exit proceeds as a stabilization fund, enabling full distribution of exit proceeds to partners.

Shares of the condiment food products company closed 1% higher Friday.

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