Group 1 - Gansu Shangfeng Cement Co., Ltd. announced that its subsidiary, Ningbo Shangrong Logistics Co., Ltd., has invested in Shanghai Chaoqi Semiconductor Co., Ltd. through a private equity fund, which has received acceptance for its initial public offering (IPO) application on the Sci-Tech Innovation Board [1][2] - Shanghai Chaoqi focuses on the research, production, and sales of 300mm and 200mm semiconductor wafers, with a production capacity of 700,000 wafers per month, and its products are used in advanced process chips including NAND Flash, DRAM, and logic chips [2] - The IPO aims to issue no more than 207,600,636 shares, representing at least 15% of the total share capital post-issue, with expected fundraising of 4.965 billion RMB [2][3] Group 2 - Ningbo Shangrong holds a 99.69% investment share in the private equity fund, contributing 326 million RMB, and through this fund, it has a 0.93% stake in Suzhou Xingguang Venture Capital [2] - The IPO of Shanghai Chaoqi is subject to approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission, with uncertainties regarding the approval process and timeline [3]

Group 1 - The company, Shangfeng Cement, announced the establishment of a private equity investment fund in partnership with a professional institution to invest in Shanghai Chaoqi Semiconductor Co., Ltd., which has applied for an IPO on the Sci-Tech Innovation Board [1] - Shanghai Chaoqi specializes in the research, production, and sales of 300mm and 200mm semiconductor wafers, which are in high demand in the global semiconductor market [1] - The company has a designed production capacity of 700,000 pieces per month for 300mm wafers and 400,000 pieces per month for 200mm wafers, with products already in mass production for advanced process chips [1] Group 2 - The planned public offering will not exceed 208 million shares, accounting for no less than 15% of the total share capital after issuance, with expected fundraising of 4.965 billion yuan after deducting issuance costs [1] - Ningbo Shangrong, as a limited partner, will invest 326 million yuan, holding a 99.69% investment share in the fund [1]