Zhengfan Technology plans to subscribe to Juyuan Yinxin Fund for RMB 50 million, with a special investment in SMIC Shaoxing

On August 21, Zhengfan Technology announced that the company signed the "Qingdao Juyuan Yinxin Equity Investment Partnership (Limited Partnership) Partnership Agreement" on August 20, 2020, intending to participate in the special equity investment fund initiated and established by Zhongxin Juyuan Equity Investment Management (Tianjin) Partnership (Limited Partnership) (hereinafter referred to as "Juyuan Tianjin"). The fund name is Qingdao Juyuan Yinxin Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Juyuan Yinxin" or "Partnership"). The Juyuan Yinxin Fund raised 166 million yuan, and the general partner and fund manager is Juyuan Tianjin. The funds raised by the partnership are specifically invested in SMIC Integrated Circuit Manufacturing (Shaoxing) Co., Ltd. The company invested RMB 50 million as a limited partner to subscribe to the fund shares of Juyuan Yinxin.

It was disclosed that Juyuan Tianjin was established on June 9, 2015, focusing on investment in the integrated circuit field, with investment areas covering IC design, semiconductor materials and equipment, IP and related services.

Zhengfan Technology stated that the company's participation in the investment in the industrial fund will help the company leverage the advantageous resources of professional institutions to broaden the company's investment channels in the semiconductor industry and obtain new investment opportunities and new profit growth points; it will also help the company integrate industrial resources, promote the company's business upgrades and strategic layout, and promote the realization of the company's overall strategic goals.