Cambridge Technology (06166) plans to invest a total of 405 million yuan to acquire shares of the Yangzhong Happy Home Venture Capital Partnership Fund

Zhitong Finance App News, Cambridge Technology (06166) announced that the company plans to raise RMB 5 million in capital by issuing overseas listed foreign shares (H shares) to transfer 99.99% of the property share (corresponding pledged share of 100 million yuan, paid investment of 5 million yuan) held by Chen Lu from the Yangzhong Happy Home Venture Capital Partnership (hereinafter referred to as the “partnership”), and to increase the pledged share by 300 million yuan by issuing overseas listed foreign shares (H shares). After the transaction is completed, the total amount of capital pledged by the partnership was changed to about RMB 400 million, and the company's pledged investment of 400 million yuan, accounting for 99.9975%. The partnership will be included in the scope of the company's consolidated statements.

The partnership's investment targets unlisted/listed growth and innovative enterprises in advanced manufacturing and emerging information technology industries such as integrated circuits and artificial intelligence. The focus is on companies in the fields of optical devices, chips, and core ICs. The main investment stage is the start-up period and growth period. On the premise of complying with relevant laws, regulations and regulatory requirements, partnership enterprises can participate in equity investment and allocation of overseas assets in high-quality overseas technology companies. While funds are idle, they can be invested in cash management tools approved by the China Securities Regulatory Commission, such as bank current deposits, treasury bonds, central bank notes, and money market funds.

This investment is a joint investment made by the company using capital raised by issuing overseas listed foreign shares (H shares) with professional institutions. It can make full use of the resources and advantages of professional institutions in the field of investment and carry out equity investment business under the premise of reasonable risk control to obtain medium- to long-term investment returns. At the same time, by focusing on enterprises in the field of optical devices, chips and core ICs, it is possible to strengthen the company's control over the upstream and downstream industrial chain, enhance the company's technical capabilities and supply chain resilience, improve downstream market coverage and expand market influence, diversify the company's investment portfolio and maximize strategy and management synergy, which is in line with the company's long-term development strategy and capital use plan.