On May 26, GDTC made an announcement stating that its wholly-owned subsidiary, Anhui GDTC Meike, has inked a Partnership Agreement in collaboration with Jinhu Capital, a seasoned investment institution, along with other limited partners. This alliance aims to establish the Yixing Jinhu Guangsu Venture Capital Partnership Enterprise (Limited Partnership), backed by a substantial total investment of 150 million yuan. Anhui GDTC Meike will allocate 97.5 million yuan from its own coffers, representing a significant 65% stake in the overall investment. The partnership enterprise has already successfully completed its industrial and commercial registration procedures.
The fund is designed to operate over a span of 7 years, with a strategic focus on channeling investments into top-tier enterprises operating within the upstream and downstream segments of the industrial chain. Key sectors of interest include optical communications and computing power chips. Acknowledging the inherent risks associated with investment endeavors, GDTC has committed to maintaining a vigilant watch over the fund's operations and will ensure timely disclosure of any significant progress or developments.
