Changfei Advanced Semiconductor Completes Over RMB 3.8 Billion Series A Financing

Anhui Changfei Advanced Semiconductor Co., Ltd. officially announced the completion of over 3.8 billion yuan in Series A equity financing, with a company valuation of 7.1 billion yuan. New investors in this Series A financing include Optical Valley Financial Holdings, Fuzhe, Zhongping Capital, CNBM New Materials Industry Fund, CICC Capital's funds (CICC SAIC, CICC Ruiwei, CICC Zhixing, CICC Qihe), Haitong Merger and Acquisition Fund, Guoyuan Financial Holdings Group's funds (Guoyuan Equity, Guoyuan Fund, Guoyuan Innovation), Luxin Venture Capital, Dongfeng Asset, Jianxin Trust, October Capital, Huaan Jiaye, Zhonghu Zhiyun, Baoyue Qicheng, Yunxiu Capital, etc., covering powerful local state-owned assets, industrial capital, and top investment institutions, which can provide comprehensive and in-depth empowerment for the company's development; old shareholders such as Changfei Optical Fiber and Tianxing Capital continued to add in this round, further enhancing the company's capital strength.