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On December 22, Jiangfeng Electronics disclosed that its wholly-owned subsidiary, Jingfeng Xinch (Shanghai) Semiconductor Technology Co., Ltd., intends to enter into an “Agreement on Convertible Debt Investment” with Beijing Jiangfeng Tongchuang Semiconductor Industry Fund (Limited Partnership), a related party, and Shanghai Xinlian Qichen Private Investment Fund Partnership Enterprise (Limited Partnership), a professional investment institution. As per the agreement, Jingfeng Xinch is set to receive a total of RMB 57.4 million in convertible debt investment. Specifically, Xinlian Qichen will contribute RMB 27.4 million, while the Jiangfeng Tongchuang Fund will provide RMB 30 million. This strategic move is designed to fulfill the funding requirements for Jingfeng Xinch's business expansion and expedite its strategic deployment.
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