Jiang Feng Electronics announced that on August 4, the company signed an agreement with Xinlian Private Equity Fund, Xinlian Equity Investment, and Shanghai Shenhe to establish the Xinlian Kaichen Phase II Fund, with a total investment of 781 million yuan. The company plans to use its own funds to pledge 50 million yuan, accounting for 6.40%. The fund invests in hard technology fields such as upstream and downstream semiconductors and AI, and has an operating period of 7 years. This investment still requires commercial and commercial registration and fund filing, and there are risks such as inadequate fund-raising and investment failure.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.