Sanqi Interactive, executives co-invest in new tech fund

Wuhu Sanqi Interactive Entertainment Network Technology Group announced that its wholly-owned subsidiary, 37 Starseek Co., Limited, has invested up to $10 million in SX Global Flagship Fund II L.P. The company's controlling shareholder and chairman, Li Weiwei, and former director and deputy general manager, Yang Jun, will also indirectly invest in the fund.

Li Weiwei will invest $2 million and Yang Jun $1 million through SX Global Flagship Feeder II L.P. This constitutes a connected transaction. The feeder fund, managed by SX Global Advisors Limited, will channel all its raised capital into the Target Fund, focusing on cutting-edge technology, SaaS, and other general technology sectors.

The board of directors approved the resolution on September 22, 2025. Li Weiwei recused himself due to his connected person status. Independent directors affirmed the transaction's fairness and that it would not harm the company's independence or the interests of all shareholders.