Donghu High-tech has issued an announcement detailing the establishment of the "Donggao Frontier Phase II Fund" in collaboration with its wholly-owned subsidiary, Donghu Investment, and Hubei Xiachuang Spark Venture Capital Fund Partnership. The fund boasts a total capital commitment of 500 million yuan. In this venture, Donghu High-tech has contributed 245 million yuan, holding a 49% stake as a limited partner, while Donghu Investment has committed 5 million yuan, accounting for 1% as a general partner.
The fund will concentrate its investments in pioneering technological domains, including smart manufacturing, integrated circuits, optoelectronic information, new energy, and novel materials. Its objectives are multifaceted: enhancing the operational model of the park, fostering an industrial incubation platform, identifying and nurturing high-potential technology enterprises, and refining the park's industrial ecosystem.