Hangjin Technology (000818.SZ): Wholly-owned subsidiary Shaoguang Semiconductor intends to introduce Y.U.D. Yangtze River Investment Industry Fund for financing of 300 million yuan.

Hangjin Technology (000818.SZ) announced that its wholly-owned subsidiary Changsha Shaoguang Semiconductor Co., Ltd. ("Changsha Shaoguang") will introduce strategic investor Gongrong Yangtze River Intelligent Manufacturing Equity Investment Fund (Limited Partnership) ("Gongrong Y.U.D. Yangtze River Investment Industry Fund") through capital increase and share expansion. The Gongrong Y.U.D. Yangtze River Investment Industry Fund plans to inject 3 billion yuan in cash into the wholly-owned subsidiary Changsha Shaoguang at a pre-investment valuation of 1.5 billion yuan, acquiring 16.67% equity. The company intends to waive its preemptive rights. In the announcement disclosed on May 28, 2024, the company, together with ICBC Capital Management Co., Ltd. ("ICBC Capital"), Hubei Guoyi Investment Management Co., Ltd. ("Guoyi Investment"), and other investment cooperation partners, jointly invested in the establishment of Gongrong Y.U.D. Yangtze River Investment Industry Fund with a scale of 1 billion yuan. The company made a capital contribution of 200 million yuan, accounting for 20.00% of the total contribution, as a limited partner. It is reported that the introduction of a strategic investor for Changsha Shaoguang this time is beneficial for stabilizing its traditional business of special chip production and accelerating the independent and controllable chip development. Additionally, the capital increase is based on the consideration of further integrating Changsha Shaoguang into the company's Zhisuan computing power platform, enhancing its advantages in Zhisuan server research and development, and completing industrial upgrades.