Hangzhou First Applied Material (603806.SH) plans to invest 25 million yuan to cooperate with professional institutions to invest in private equity funds.

Hangzhou First Applied Material (603806.SH) announced that on February 2, 2026, the company signed a partnership agreement with Tongxin Derun Entrepreneurial Investment (Hainan) Limited Company and other partners to establish Jiaxing Deke Equity Investment Partnership Enterprise (Limited Partnership). The company, as a limited partner, subscribed with its own funds 25 million yuan, accounting for 77.86% of the total investment. This partnership will mainly focus on equity investment in enterprises engaged in flexible thin-film gallium arsenide solar cell wafers and other flexible gallium arsenide thin-film products. The company's cooperation with professional institutions to invest in private equity funds is made under the premise of ensuring the normal development of the core business. The aim is to leverage the investment experience and resource advantages of professional institutions to enhance the company's understanding and interaction in the gallium arsenide industry chain, link to a richer industrial resources, accelerate the R&D and application of new solar cell encapsulation materials, improve the company's overall competitive advantage and core competency, and contribute to the company's long-term stable development.