SHANGHAI FUDAN (01385.HK): proposes to subscribe up to RMB 300 million in industrial fund, expanding presence in integrated circuit sector
NewTimeSpace News: On 17 August 2026, Shanghai Fudan Microelectronics Group Company Limited ( H-share stock code: 01385) announced that it proposes to subscribe, as a limited partner with its own funds, for interests in the Shanghai Rongsheng Industrial Innovation Fund Partnership (Limited Partnership) initiated by Guosheng Capital, with an investment of no more than RMB 300 million. The fund adopts a dual-GP model, with Guosheng Capital as GP I and Junsheng Xiechuang as GP II, targeting an aggregate raising scale of approximately RMB 1,430 million, focusing on investment allocation in integrated circuits, aerospace, and leading technology innovation enterprises, as well as deep cultivation of upstream and downstream application segments of the integrated circuit industry.
According to the announcement, the investment was approved on 17 August 2026 at the 16th meeting of the tenth session of the Board and the special meetings of the independent directors and the Strategy and Investment Committee. In terms of connected party relations, as Guosheng Investment proposes to acquire 106,730,000 A-shares of the Company from Fuxin Fanga via agreement transfer, upon completion of which Guosheng Investment would become a shareholder holding more than 5%, and Guosheng Group is the controlling shareholder of Guosheng Capital, the investment constitutes a connected transaction under the STAR Market Listing Rules based on the substance-over-form principle; however, as of the date of this announcement, Guosheng Investment has not yet become a substantial shareholder or connected person of the Company and no formal partnership agreement has been signed, the transaction is not subject to Chapter 14A of the Listing Rules. The transaction does not constitute a major asset restructuring and is subject to shareholders' meeting approval.
The announcement states that the investment aims to leverage the industry experience and resource advantages of professional investment institutions to further expand the Company's product application boundaries and build a long-term industrial ecosystem; the fund will not be consolidated into the Company's financial statements, and the investment will be funded by the Company's own funds without material impact on its financial condition or results. The announcement also cautions that the fund has not yet completed business registration and is subject to filing with the Asset Management Association of China before engaging in investment activities, and the cooperation intent agreement is a framework document with the final partnership agreement to prevail, with uncertainties regarding implementation.
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