Shanghai Yanshan Technology subsidiary invests in new chip industry fund

Shanghai Yanshan Technology Co., Ltd. announced that its wholly-owned subsidiary, Hainan Ruihong Venture Capital Co., Ltd., has invested in the Shanghai Shangce Xingrongxin Private Equity Investment Fund Partnership. This fund, with total committed capital of CNY 400,000,000, targets the integrated circuit industry through equity investments. Hainan Ruihong's committed contribution is CNY 30,000,000, representing 7.50% of the total.

The investment includes several partners, with Shanghai Guoce Investment Management Co., Ltd. serving as the general partner. Other limited partners include Shanghai Kunchang Qingwu Enterprise Management Center and Shanghai Guotou Pioneer Integrated Circuit Private Equity Investment Fund Partnership. The fund's expected duration is 8 years, comprising a 4-year investment period followed by a 4-year exit period. Management fees for limited partners are 2% per annum during the investment period and 1.8% per annum during the exit period.

This investment, funded by the company's own capital, aligns with Shanghai Yanshan Technology's diversified investment strategy. It aims to leverage professional investment institutions to enhance capital operation, generate returns, and strengthen competitiveness, without affecting the company’s normal operations or financial independence.