On August 11, Innolight issued an announcement stating that Chengdu Zhihe Optotech Co., Ltd., its wholly‑owned subsidiary, intends to subscribe for capital contribution shares of Suzhou Qianrong Shengrun Venture Capital Partnership (Limited Partnership) with self‑funded capital of RMB 27.45 million, and become a limited partner of the partnership. Upon completion of this investment, Chengdu Zhihe will hold a 90.00% capital contribution share in the partnership.
According to the announcement, the total subscribed capital contribution of the investment fund amounts to RMB 30.50 million. Jiangsu Qianrong Capital Management Co., Ltd., the general partner, subscribes RMB 1 million, accounting for 3.28%; Chengdu Zhihe Optotech Co., Ltd., the limited partner, subscribes RMB 27.45 million, accounting for 90.00%; and Jiangsu Qianrong Science and Innovation Industrial Park Management Co., Ltd., the limited partner, subscribes RMB 2.05 million, accounting for 6.72%. The fund has a term of 7 years, consisting of a 3‑year investment period followed by a 4‑year exit period. Subject to the requirements of fund investment and project exit, the exit period may be extended upon proposal by the general partner and approval from the partners’ meeting, with a maximum of two extensions in total.
The fund’s investment decision committee comprises five members, who shall be elected and replaced by the board of directors of the private fund manager. Income distribution follows the principle of “return of principal prior to profit sharing”. Distributions shall first be made among all partners in proportion to their paid‑in capital contributions until each partner’s cumulative pre‑tax distribution equals its cumulative paid‑in capital contribution. Any remaining proceeds shall then be distributed among all partners in proportion to their paid‑in capital contributions.
Innolight noted that this investment aims to continuously expand the company’s investment footprint, facilitate the sharing and integration of high‑quality resources, realize integration of industry and capital, and enhance core competitiveness. The investment fund is expected to generate capital appreciation through project investments, supporting the company’s sustainable development.
(Reprinted from https://news.eccn.com/）