BOE technology fund completes second phase fundraising

BOE Technology Group Co. Ltd. announced today that the Beijing Hy-Light Chain II Venture Capital Fund (Limited Partnership), also known as "Hy-Light Chain II Fund," has successfully completed its fundraising. The fund, in which BOE participated through its subsidiary BOE Innovation Investment Co. Ltd., secured a total subscribed capital of 1,530,000,000 yuan. This follows an initial announcement made on November 29, 2023.

The Hy-Light Chain II Fund's finalized capital structure includes several key partners. BOE Innovation Investment Co. Ltd. is a major limited partner, contributing 990,000,000 yuan, representing 64.7059% of the total subscribed capital. Other significant limited partners include Beijing E-Town Capital Co. Ltd. and China-Singapore Suzhou Industrial Park Development Group Co. Ltd., each contributing 200,000,000 yuan or 13.0719%.

Beijing Hy-Light Chain Enterprise Management Center (Limited Partnership) serves as the general partner, contributing 10,000,000 yuan or 0.6536%. The successful completion of fundraising for the Hy-Light Chain II Fund is a notable development for BOE Technology Group, strengthening its investment portfolio and strategic partnerships.