Financing Transactions - Xiaolu AI received 1 million RMB in angel round financing from Youzhiyuan, focusing on technology optimization and local service expansion in the AI + education sector [3] - Xinghua Chip secured 195 million RMB in strategic investment from Huitong Energy, aimed at accelerating technology iteration and alleviating "bottleneck" pressures in the domestic integrated circuit industry [3] - Ronghe Yuanchu received 30 million RMB in B round financing from CIMC Group and State Nuclear Investment, emphasizing its full-chain service in energy storage under the "dual carbon" goals [4] - Aerospace Yuxing completed 430 million RMB in C+ round financing, with investments from seven institutions, marking a shift in the commercial aerospace industry towards ground operation services [5][6] - ShiningSoul obtained 300 million RMB in A round financing from KKR and Hillhouse Capital, focusing on IP development and collaboration in the entertainment and media sector [7] - Lingdong General secured 300 million RMB in angel round financing, emphasizing its fully controllable technology from AI to robotics, aiming to address the disconnection between algorithms and hardware in the robotics industry [8] - Haihe Pharmaceuticals received 300 million RMB in strategic investment from Huayi Family, aimed at accelerating clinical development of innovative anti-tumor drugs [9] - Xinsong Semiconductor completed 269 million RMB in strategic investment, focusing on acoustic filters as key components for mobile and IoT devices, with growing demand driven by 5G and IoT [10] - Mesh. (formerly Front Finance) secured 195 million RMB in B round financing from PayPal and Coinbase Ventures, focusing on a one-stop financial management platform in the fintech sector [11] - Reprieve received 397 million RMB in B round financing from Arboretum Ventures, providing automated diuretic and fluid management solutions for acute decompensated heart failure [12]

Group 1 - The company plans to acquire a 7.43% stake in Xinghua Chip (Shaoxing) Semiconductor Technology Co., Ltd. through equity transfer and capital increase, with a total transaction price of 195 million yuan [1][2] - The transaction is not classified as a related party transaction or a major asset restructuring and requires approval from the company's board and the shareholders' meeting of the target company [1][3] - The investment aims to strengthen the company's strategic transformation in the semiconductor and intelligent manufacturing sectors [2][5] Group 2 - The transaction involves acquiring 1.82% of Xinghua Chip's equity for 45 million yuan and subscribing to an additional 10 million yuan in registered capital [2][8] - The target company, Xinghua Chip, specializes in semiconductor photomask manufacturing, which is crucial for the microelectronics manufacturing process [5][6] - The target company is currently in the ramp-up phase of production and sales, with revenue still at the initial stage and not yet profitable [7][8] Group 3 - The controlling shareholder of Xinghua Chip is Shaoxing Xinxing Enterprise Management Co., Ltd., which holds 25.21% of the shares [6] - The target company's ownership structure is clear, with no existing pledges or legal disputes affecting the transfer of ownership [5][6] - The company will use its own funds for the investment, which will not significantly impact its financial status [8]

Summary of Key Points Core Viewpoint Hefei Jinghe Integrated Circuit Co., Ltd. is planning to transfer the ownership of its photomask-related technology, with an assessed market value of approximately 277.32 million yuan, to establish an independent photomask business entity in collaboration with other investors [2][8]. Group 1: Company Overview - Hefei Jinghe Integrated Circuit Co., Ltd. was established on May 19, 2015, with a registered capital of 2,006.14 million yuan and is located in Hefei, Anhui Province [3][4]. - The company focuses on the research, production, and sales of integrated circuit-related products and is recognized as the first 12-inch wafer foundry enterprise in Anhui Province [3][4]. - The company went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board in May 2023, marking a significant milestone as the first pure wafer foundry enterprise in Anhui to enter the capital market [3][4]. Group 2: Technology Transfer and Valuation - The purpose of the asset valuation is to provide a reference for the market value of the photomask-related technology that the company intends to transfer, facilitating the establishment of a new business entity [2][8]. - The assessed market value of the photomask-related technology is 277.32 million yuan, based on the income approach, with the valuation date set for January 31, 2025 [2][8]. - The evaluation includes 24 patents and 73 proprietary technologies, with 20 invention patents and 4 utility model patents among them [3][4]. Group 3: Assessment Methodology - The income approach was selected for the valuation due to the absence of comparable market transactions and the inadequacy of historical cost data to reflect the technology's value [7][8]. - The valuation process involved estimating future expected revenues from the technology and discounting them to present value, using a specific formula to calculate the assessed value [8]. - The assessment was conducted by Beijing Zhongqi Hua Asset Appraisal Co., Ltd., ensuring compliance with relevant laws and regulations [2][7].