兆易创新科技集团股份有限公司关于参与投资私募股权投资基金的公告

Core Viewpoint - The company, Zhaoyi Innovation Technology Group Co., Ltd., plans to invest RMB 400 million as a limited partner in a private equity fund, acquiring approximately 25.87% of the fund's shares, which is still in the fundraising stage [2][4]. Group 1: Investment Details - The company will invest RMB 400 million in the Shanghai Shixi Zhaoyi Zhixin Venture Capital Partnership (Limited Partnership), which has a total subscription amount of RMB 1,546 million [4][19]. - The investment has been approved by the company's board of directors and does not require shareholder meeting approval as it falls within the board's decision-making authority [5][19]. - The investment does not constitute a related party transaction or a major asset restructuring [5]. Group 2: Fund Management and Structure - The fund will be managed by Beijing Shixi Qingliu Private Fund Management Co., Ltd., which will assume unlimited joint liability for the fund's debts [11]. - The fund's management fee is set at 2% of the actual paid-in capital during the investment period and 1.9% during the exit period [11]. - The fund will primarily invest in unlisted companies in the integrated circuit industry, with at least 70% of the total subscription amount allocated to this sector [14]. Group 3: Profit Distribution and Exit Strategy - Profit distribution will follow a specific order: return of paid-in capital, priority return for limited partners at an 8% simple interest rate, followed by distributions to the general partner, and finally, excess returns shared [12]. - Exit strategies for the fund include selling shares after an IPO, direct transfer of equity, or non-cash distributions [17]. Group 4: Impact on the Company - This investment allows the company to leverage the expertise and resources of professional investment institutions, enhancing its industry layout and promoting the development of its main business [22]. - The investment will be funded by the company's own capital and will not significantly impact its financial or operational status [22].