Shangfeng Cement (000672.SZ) associate company Yuexin Semiconductor's IPO application on the ChiNext board has been accepted.

News from the CCT Finance App, Shangfeng Cement (000672.SZ) announced that it recently learned that the company, through its wholly-owned subsidiary Ningbo Shangrong Logistics Co., Ltd., has jointly established private equity investment funds with professional institutions. These funds are Shanghai Xinpu Venture Capital Partnership Enterprise (Limited Partnership), Suzhou Jingpu Venture Capital Partnership Enterprise (Limited Partnership), and Suzhou Industrial Park Chuxin Venture Capital Partnership Enterprise (Limited Partnership). The funds have invested in Guangzhou Xin Semiconductor Technology Co., Ltd. (referred to as "Guangxin Semiconductor"), which will publicly issue shares for the first time and apply for listing on the Growth Enterprise Market. The application was accepted by the Shenzhen Stock Exchange on December 19, 2025. After consolidation, the company indirectly holds approximately 1.4957% of Guangxin Semiconductor's equity before its public listing.