Official announcement of Xi Venture Capital renaming

　　Wuxi Innovation Investment Group Co., Ltd. (referred to as "Xi Venture Capital"), formerly known as Wuxi Financial Venture Capital Group Co., Ltd., is a state-owned venture capital institution that integrates seed, angel, entrepreneurship, equity, and M&A funds. Currently, its registered capital is 2.188 billion yuan.

　　Embracing reform, Xi Venture Capital ignites the innovation engine with the fire of reform, integrates business resources, improves the venture capital system, accelerates the exploration of market-oriented institutional and mechanism reforms, owns wholly-owned or controlling management companies such as Jintou Capital, Guolian Investment, Hualaiwu Private Equity, and Yicun Capital, as well as multiple mixed ownership fund management companies, and has laid out in Shanghai, Shenzhen and other places, forming a professional investment management team with outstanding capabilities, rich experience, and stable style, and continuously enhancing its development vitality.

　　Deeply cultivating and refining tin venture capital, establishing a fund system covering the entire life cycle of enterprises, managing a total fund size of over 160 billion yuan, and providing comprehensive support to enterprises that are in line with their development stages; Focusing on strategic emerging industries such as biomedicine, integrated circuits, dual carbon energy conservation, and advanced manufacturing, the self managed fund has invested in over 450 enterprises with a total investment of nearly 40 billion yuan, and has participated in the cultivation of multiple listed companies such as New Clean Energy, Era Angel, and Zhongjie Precision.

　　Benchmarking on the successful implementation of the second phase of the 73.75 billion yuan China State owned Enterprise Structural Adjustment Fund led by Qiongxi Venture Capital, managing and operating a 1.5 billion yuan city level angel investment guidance fund, and working together to build a first-class domestic equity investment fund ecosystem; We will support the implementation of a number of key industrial projects such as Huahong Wuxi and Wentai Technology, open up the virtuous circle of financial services, scientific innovation and industry, and join the "the Taihu Lake Lake Bay" with "financial water" to contribute to Wuxi's building of a world-class lake area with "science, industry, city and people integration".

Jinyi Rongxi, Venture Capital for the Future. Xi Venture Capital will always adhere to the investment philosophy of "discovering value, creating value, and enhancing value", work hand in hand with investors, entrepreneurs, and partners, deeply connect entrepreneurial incubation and industrial upgrading with financial capital, and gradually grow into an industry leader, entrepreneurial guardian, and industry enabler.