Jinko Electronics plans to invest 268 million yuan to participate in the establishment of a semiconductor fund

On February 24, Jinko Electronics issued an announcement announcing that the board of directors approved the company as a limited partner to enter into a partnership agreement with Wanlian Tianze and Emerging Fund, High Quality Development Fund, Nansha Kejin Group, and Nansha Artificial Intelligence to establish a fund.

According to the announcement, the total investment amount of the Fund is expected to be RMB 668 million. Jinko Electronics intends to commit a total capital contribution of RMB 268 million, accounting for approximately 40.12% of the total capital commitment of the fund. The company's contribution to the fund will be funded by the company's internal resources. It is expected that the Fund will not be accounted as a subsidiary of the Company after its establishment.

The fund is a limited partnership to be established in accordance with Chinese laws. The tentative name is Guangzhou Tianze Jingxin Venture Capital Fund Partnership. The final name will be subject to China's industrial and commercial registration.

The fund will focus on the semiconductor and integrated circuit industries of the 15 strategic industrial clusters in the construction of Guangzhou's "12218" modern industrial system, and will give priority to supporting government strategic industries, including the planned investment in Guangdong Xinjuneng Semiconductor Co., Ltd.

Jinko Electronics was listed on the Stock Exchange on November 8, 2024. It is a provider of intelligent vision products and system solutions covering the fields of automotive intelligent vision, high-end lighting and new displays. The group has deeply integrated LED technology with integrated circuits, electronic control, software, sensors, optics and other technologies to form a series of technology systems with "LED+" as the core.

On this basis, Jinko Electronics designs, develops and manufactures various types of LED smart vision products and system solutions. The products widely cover lighting, display, sensing, decoration and interactive functions, and have significant intelligent features. Specifically, the group's LED smart vision products mainly include automotive smart vision products, high-end lighting products and new display products.

It is reported that Guangdong Xinjuneng Semiconductor Co., Ltd. is a company controlled by Xiao Guowei, the actual controller of Jinko Electronics. It focuses on the research and development, production and sales of third-generation semiconductor silicon carbide power chips, devices, modules, etc.

Jinko Electronics stated that this further strategic layout in the "third-generation semiconductor" industry cluster aims to provide core support for business expansion in key application scenarios such as new energy vehicles, new displays, photovoltaics, energy storage, and AI data centers, thereby enriching the group's product structure, collaborating with customer development, and promoting the upstream and downstream industry chains to form an ecological aggregation effect.

At the same time, through cooperative investment with the Guangzhou Industrial and Information Development Fund and municipal and district-level state-owned assets platforms, a collaborative mechanism of "government guidance, market-oriented operation, and industry traction" will be established. It will not only support the implementation of key strategic industry projects in Guangzhou and the improvement of industrial chain capabilities with medium and long-term capital, but will also help the group achieve long-term high-quality development and create greater value returns for shareholders.