Shanghai Zhangjiang Haocheng Venture Capital Co., Ltd., a subsidiary fully owned by Zhangjiang Hi-Tech, has joined the investment in the Yuanhe Puhua Integrated Circuit Industry Fund. This fund aims to reach a total size of 2 billion yuan, with Haocheng Venture Capital committing 100 million yuan. The initial closing size of the fund stands at 775 million yuan. Both the investment and management exit periods are set at 4 years, with the option to extend each period by an additional 2 years.
