Recently, the Chongqing Liangjiang Xinzhengcheng Semiconductor Private Equity Investment Fund Partnership was formally inaugurated, backed by Chongqing Chengyun Enterprise Management Co., Ltd. and Shanghai Xinzhengcheng Enterprise Management Partnership as managing partners. With a registered capital of RMB 1 billion, the fund is dedicated to equity investments through private equity funds. This venture is jointly financed by the Chongqing Liangjiang New Area High-quality Development Industry Private Equity Investment Fund Partnership and Nantong Wanye Technology Development Co., Ltd.