Biwin Storage Technology Co.,Ltd. (688525.SH) announced that its wholly-owned subsidiary, Hainan Nanbaisuan Technology Co., Ltd., intends to invest RMB 100 million as a limited partner using its own or raised funds. The investment will be made jointly with Dongguan Chengluo Investment Consulting Partnership (Limited Partnership), the private equity fund Dongguan Songshan Lake Industry Investment Mother Fund Partnership (Limited Partnership), and other social capital to establish the Dongguan Luoyi Baichen No. 1 Industry Private Equity Investment Fund Partnership (Limited Partnership) (provisional name, referred to as the "Industrial Fund"). This Industrial Fund will closely align with the company's technological and market strategy in the storage and advanced packaging sectors. The total fundraising target for the Industrial Fund is no more than RMB 500 million, with the wholly-owned subsidiary committing RMB 100 million, representing a 20% stake.
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