The subsidiary of Zhaoyi Innovation (603986.SH) plans to invest US$100 million to subscribe for shares in overseas private equity investment funds

According to Zhitong Finance App News, Zhaoyi Innovation (603986.SH) announced that the company's wholly-owned subsidiary Xinji Jiayi Microelectronics (Hong Kong) Technology Co., Ltd. invested 100 million US dollars as a limited partner to subscribe to Yunfeng Investment V, L.P. (“Investment Fund” for short) shares initiated by Yunfeng Investment V, Ltd. (general partner). The size of the investment fund is 400 million US dollars.

According to reports, the investment fund invests in the underlying fund Yunfeng Fund V, L.P., which is a limited partnership registered in the Cayman Islands. Its general partner is Yunfeng Investment V, Ltd., the investment advisor is Yunfeng Capital Limited, and the controlling shareholder is Yu Feng. The target size of the underlying fund raising is 2 billion US dollars. The investment fund ultimately invests in companies that have an important business layout within and/or outside Asia, have the potential to expand into Asia, or are strategically important to related businesses, and focus on companies engaged in technology, technology-related services, and other related fields, or companies that can benefit from or utilize related technology and services. The company's current investment can use the investment experience and resource advantages of professional investment institutions to further deepen the global layout of the industry and enhance its comprehensive competitive strength.