Yizumi-backed fund significantly expands capital base to 490m yuan

Yizumi Co., Ltd. has announced that the Meizhi Phase II (Guangdong) Venture Capital Partnership, a fund it co-established, has successfully undergone a capital expansion. The fund's total subscribed capital has increased from 334.52 million yuan to 490 million yuan, a significant increase of 155.48 million yuan. This expansion involves additional contributions from several limited partners, including Guangdong Meidi Meishan Technology Investment Partnership and Guangzhou Technology Achievement Industrialization Guidance Fund Partnership.

The capital increase was achieved through a combination of new contributions and a reduction in a previous commitment. Key changes include Meidi Venture Capital Management Co., Ltd. increasing its contribution by 3.6 million yuan, Guangdong Meidi Meishan Technology Investment Partnership by 46.65 million yuan, and Guangzhou Technology Achievement Industrialization Guidance Fund Partnership by 30.45 million yuan. Foshan Shunde Yuechengbang Investment Co., Ltd. also committed an additional 74.78 million yuan, while limited partner Deng Wei Qi reduced his contribution by 10 million yuan.

Despite these changes to the fund's capital and partner structure, the company confirmed that the management mechanism and fee structure remain unchanged. The industrial fund, which Yizumi helped establish, has completed its fundraising, commercial registration, and filing, and is now fully operational. The company will continue to disclose relevant information in accordance with regulatory requirements.