Great Wall Motors invested in setting up Innosilicon Semiconductor with a registered capital of RMB 50 million

According to the announcement of Great Wall Motor, the company plans to use its own funds to jointly invest with Wei Jianjun and Wensheng Technology to establish Xindong Semiconductor, with a registered capital of 50 million yuan. Among them, Great Wall Motor subscribed to 10 million yuan, accounting for 20%; Wensheng Technology subscribed to 35 million yuan, accounting for 70%. Wei Jianjun is the chairman and actual controller of Great Wall Motor Company, and the direct controller of Wensheng Technology.