Yizumi cooperates with several companies to establish a new venture capital fund

Yizumi Co., Ltd. announced that it has jointly established Midea Venture Capital Management Co., Ltd., Guangdong Midea Meishan Technology Investment Partnership (Limited Partnership), Guangzhou Science and Technology Achievement Industrialization Guidance Fund Partnership (Limited Partnership), Foshan Shunde Yuechengbang Investment Co., Ltd. and Deng Weiqi to establish Meizhi Phase II (Guangdong) Venture Capital Partnership (Limited Partnership). The fund size is RMB 161.96 million, of which Yizumi invested RMB 20 million as a limited partner. Yizumi is a company focusing on the research and development, production and sales of high-end equipment such as injection molding machines, die-casting machines, and rubber injection molding machines. Yizumi aims to expand the company's business scope through equity investment, promote industrial collaborative development, and enhance the company's market competitiveness and profitability.