Recently, the Shanghai Xinlian Qichen Phase II Private Equity Investment Fund Partnership (Limited Partnership) was officially established, boasting a substantial capital commitment of 781 million yuan. The fund is managed by Xinlian Private Equity Fund Management (Hangzhou) Partnership (Limited Partnership), with its business scope encompassing equity investment, investment management, asset management, and other related activities. This fund has been jointly funded by a consortium that includes Jiangfeng Electronics and Xinlian Equity Investment (Hangzhou) Co., Ltd., a wholly-owned subsidiary of Xilian Integration, among other investors.