Tiancheng Technology announces the establishment of a new subsidiary dedicated to the development of integrated circuits

On January 10, Tiancheng Technology announced plans to establish a new holding subsidiary, Shanghai Tiancheng Microelectronics Technology Co., Ltd., with a registered capital of RMB 112 million. The company will invest RMB 91 million, accounting for 81.25% of the shares; Shanghai Puchen Private Equity Investment Fund Partnership (Limited Partnership) will invest RMB 21 million, accounting for 18.75% of the shares. The source of funds for this investment is the self-owned or self-raised funds of all parties. The newly established subsidiary will focus on the development of the integrated circuit field, including the research and development of key technologies, cutting-edge technologies and the application of core materials, in order to promote the development of the integrated circuit industry.