According to the Zhitong Finance App, Huaxing Capital Holdings (01911) announced that Huaxing Securities Co., Ltd. (Huaxing Securities), a holding subsidiary of the company, acted as an exclusive financial advisor to successfully assist Xinai Technology (Nanjing) Co., Ltd. (Xinai Technology), a leading supplier of high-end IC packaging substrates in the domestic AI field, to complete the A2 round of financing.
Investors in this round of financing include a number of strategic investors in the industry, state-owned platforms at the Jiangsu provincial and municipal levels, and well-known financial investment institutions, and received additional investment from some existing shareholders.
The packaging substrate industry is known for its long certification cycle, high technical threshold, and strict mass production verification, and there are many barriers to entry into the leading supply chain. With cutting-edge technology development and excellent large-scale delivery capabilities, Xinai Technology has achieved a breakthrough customer introduction speed in the industry. According to Xinai Technology, its products have successively obtained supplier qualifications from many leading domestic semiconductor sealing and testing companies and leading global packaging and testing groups, and have successfully advanced to large-scale mass production. In addition, Xinai Technology's substrate solutions have also been gradually introduced into the supply chain of many well-known international integrated circuit design companies and first-line terminal brands.
The appointment of Huaxing Securities as the exclusive financial advisor highlights the Group's professional ability in financial advisory services for advanced IC packaging circuit circuits in the AI field, as well as the deep accumulation of customers upstream and downstream of the industry chain. It also reflects the Group's professional ability to continuously empower innovative enterprises and help customers achieve their strategic and financial goals, and is deeply trusted. The Group is honored to assist Xinai Technology in completing this round of financing, and firmly believes that it can seize the development opportunities of AI computing power and advanced packaging to accelerate growth into a leading enterprise with global competitiveness in high-end packaging substrates.