ZJHTC(SH:600895) Shang Hai Zheng Quan Bao·2025-08-08 20:19Group 1 - The company, Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd., has approved an investment of RMB 100 million in the "Yuanhe Puhua Integrated Circuit Industry Fund (Limited Partnership)" through its wholly-owned subsidiary, Shanghai Zhangjiang Haocheng Venture Capital Co., Ltd. [2] - The fund has been officially named "Shanghai Yuanhe Puhua Private Fund Partnership (Limited Partnership)" and has completed its business registration and filing with the China Securities Investment Fund Association [3] - As of the announcement date, the total committed capital from all partners of the Yuanhe Puhua Fund is RMB 775 million, with RMB 116.25 million already paid in for the first phase [4] Group 2 - The fund aims to raise approximately RMB 2 billion, with an initial closing target of RMB 775 million [4] - The fund's investment period is set for 4 years, followed by a 4-year exit management period and a possible 2-year extension [4] - The fund's management fee is 2% per year based on the actual capital contribution during the investment period, and 1.8% during the exit period [5] Group 3 - The fund will primarily invest in unlisted companies in the integrated circuit sector, including design, manufacturing, packaging, testing, equipment, materials, and components [6] - The investment decision-making committee consists of 5 members, with decisions requiring a two-thirds majority to pass [6] - Exit strategies for the fund include transferring project equity, listing projects, liquidation distribution, and distributing project rights to partners [6]