CASHWAY(SH:603106) Di Yi Cai Jing·2025-12-05 10:26Core Viewpoint - Hengyin Technology's major shareholder, Hengrong Investment Group, has indirectly participated in the Tianjin Lishi Xingmu Venture Capital Fund, which holds a small stake in Muxi Integrated Circuit (Shanghai) Co., Ltd. This investment aligns with Hengrong's strategic focus on technology enterprises and is not expected to significantly impact Hengyin Technology's operational performance or financial results [1] Group 1 - Hengrong Investment Group indirectly participates in the Tianjin Lishi Xingmu Venture Capital Fund through a chain of equity [1] - The Lishi Xingmu Fund directly holds 1.76% of Muxi Integrated Circuit prior to its initial public offering (IPO), and this stake will decrease to 1.58% post-IPO [1] - The actual shareholding ratio of Hengrong Investment in Muxi Integrated Circuit is relatively low after multi-layered equity penetration calculations [1] Group 2 - Hengrong Investment has a long-term focus on investing in technology-oriented enterprises [1] - The indirect participation in the Lishi Xingmu Fund is part of Hengrong's normal investment strategy based on its development goals [1] - The investment is not anticipated to have a major impact on Hengyin Technology's business status or performance [1]