Wuxi Nce Power (605111.SH) plans to cooperate with its controlling shareholder to establish a partnership company to invest in Zhongke Haixing.

Wuxi Nce Power (605111.SH) announced that the company plans to jointly invest with the controlling shareholder and actual controller, Mr. Zhu Yuanzheng, in establishing a limited partnership enterprise named Wuxi Suhai Xin Enterprise Management Partnership Enterprise (tentative name, referred to as "Suhai Xin") with a total scale of 15 million yuan. Wuxi Nce Power intends to contribute 13.5 million yuan as a limited partner, holding a 90% stake in Suhai Xin; Mr. Zhu Yuanzheng plans to contribute 1.5 million yuan as a general partner, holding a 10% stake in Suhai Xin. After the establishment of the partnership, the company plans to jointly invest 59.7 million yuan in Beijing Zhongke Haixin Technology Co., Ltd. ("Zhongke Haixin") with the partnership, with the company investing 44.7 million yuan and the partnership investing 15 million yuan. Through this investment, the company's direct and indirect investment in Zhongke Haixin totals 58.2 million yuan. With the rapid development of emerging fields such as IoT, automotive electronics, AI, industrial control, and 5G, the demand for chips is experiencing explosive growth. RISC-V, as an open-source instruction set architecture, has advantages such as openness, low power consumption, high performance, and customizability, as well as high security, reliability, and real-time capabilities. With the increasing acceptance and demand for domestically-produced chips based on the RISC-V architecture in the domestic market, there is significant space for domestic substitution. Zhongke Haixin has a self-developed chip agile development platform, core technology that integrates application field algorithms and parallel computing, and high-performance computing chips that, when combined with the company's power devices, can achieve more efficient system operation and lower energy consumption, enhancing overall product performance. Additionally, Zhongke Haixin and the company's products have strong synergies in application scenarios, with their products complementing each other to provide more comprehensive solutions. The company's investment in Zhongke Haixin is mainly focused on overall development strategy, promoting product development towards integration, achieving external expansion, seizing the future, and realizing higher growth.