Jiangsu Huachen announced that the company plans to use its own capital of 10 million yuan as a limited partner to subscribe for the share of the Qingdao Jinghong Equity Investment Partnership, accounting for 9.2584% of the total capital pledged by the fund after this investment. The target fund mainly invests in shares of companies related to integrated circuits and chips. This investment does not constitute a related transaction or major asset restructuring, and does not require review by the board of directors or shareholders' meetings. After this investment, it is still necessary to complete procedures such as industrial and commercial change registration and fund change filing. There are risks such as a long investment cycle and insufficient returns than expected.

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