Shengong Co., Ltd. (688233.SH) plans to participate in investing in the establishment of Jiangcheng Cathay Pacific Haitong Shengong (Wuhan) Venture Capital Fund

Zhitong Finance App News, Shengong Co., Ltd. (688233.SH) issued an announcement. The company plans to develop strategic cooperation with Guotai Junan Innovation Investment Co., Ltd. (hereinafter referred to as “Guotai Junan Innovation Investment”), Jiangcheng Industrial Investment Fund (Wuhan) Co., Ltd. (hereinafter referred to as “Jiangcheng Fund”), and Hubei Guoxin Industrial Investment Management Co., Ltd. (hereinafter referred to as “Guoxin Investment”) to jointly establish “Jiangcheng Cathay Haitong Shengong (Wuhan) Venture Capital Partnership Fund Enterprise (Limited Partnership)” (tentative, and finally based on the name approved by the Market Supervision Administration) “Industry “Fund” or “partnership”), the executive partner and fund manager is Guotai Junan Innovation Investment, with a total scale of not less than 200 million yuan. Among them, Shengong Co., Ltd. plans to pledge capital as a limited partner. The estimated pledged investment amount is RMB 60 million. The pledged capital amount is to be paid in installments, and the estimated pledged investment ratio is 30%.

The main investment direction of the joint investment fund with professional institutions is the key equipment, components, materials, etc. required for wafer manufacturing, which is in line with the company's industry and strategic planning. It helps the company to use the resource advantages and investment management experience of professional institutions to explore high-quality projects that are in synergy with the company's business direction, accelerate the integration of industrial resources, promote the company's industrial ecological layout and business development, and enhance the company's sustainable development capabilities.