Demingli (001309.SZ) plans to invest 400 million yuan in new memory chip company Hongqi Chip

Zhitong Finance App News, Demingli (001309.SZ) announced that the company decided to co-invest in Shenzhen Hongqixin Technology Co., Ltd. (hereinafter referred to as the “target company” and “Hongqixin”) with related parties, Mr. Li Hu, Mr. Du Tiejun, and the company's core employee investment platform, Shenzhen Minghong Enterprise Management Partnership (limited partnership) (hereinafter referred to as the “target company” and “Hongqixin”). The company's current investment amount is RMB 400 million. Mr. Li Hu became a shareholder of the target company before this round of investment. At the same time, the company decided to sign a “Strategic Cooperation Agreement” with Hongqixin. The agreement is a framework agreement and does not involve a specific transaction amount.

After the transaction is completed, the company is expected to directly hold 7.055918% of the underlying company's shares. The target company became a company participating in the company and was not included in the scope of the company's consolidated statements. The “Strategic Cooperation Agreement” signed by the company with the target company is a framework agreement on the content and basic principles of cooperation between the two parties. The details of subsequent cooperation will be subject to the separately signed cooperation agreement and other relevant legal documents. There is still uncertainty about the details and progress of the cooperation.

The target company is a global new memory chip company, which specializes in R&D, design and industrialization of new types of memories and supporting switching devices. The products target application scenarios such as computing, data centers, and enterprise-grade high-speed storage. This investment and strategic cooperation will help strengthen the complementary advantages of the two sides in the “main control chip+storage wafer manufacturing” industry chain, jointly promote large-scale mass production and industrialization of new types of memory, and help replace domestic storage.