en.Wedoany.com Reported - On July 27, Changxin Technology Group Co., Ltd. (stock code: 688825, referred to as "Changxin Technology"), invested in by China Chengtong, was officially listed on the STAR Market of the Shanghai Stock Exchange. Guo Xiangyu, Deputy Secretary of the Party Committee and General Manager of the Group, and Chairman of the China Structural Reform Fund, attended the listing ceremony.

Changxin Technology raised a total of approximately 57.9 billion yuan in this offering, making it the largest IPO in the history of the STAR Market. The China Structural Reform Fund (referred to as the "Structural Reform Fund"), managed by China Chengtong, led the Series B financing round of Changxin Technology in 2021 with an investment of 1.5 billion yuan. In the strategic placement of this STAR Market IPO, the Structural Reform Fund once again participated in the subscription, actively supporting Changxin Technology in achieving technological breakthroughs and capacity expansion, and contributing to the self-reliance and controllability of DRAM chips.

Guo Xiangyu stated that the Structural Reform Fund's two capital injections into Changxin Technology within five years not only represent a key move to firmly safeguard the self-reliance and controllability of the semiconductor industry chain but also a vivid practice of implementing the strategy of strengthening the nation through science and technology. China Chengtong will thoroughly implement the deployments of the Central Committee of the Communist Party of China and the State Council on further deepening the reform of state-owned assets and enterprises, striving to build a professional platform for optimizing layout, integrating operations, facilitating entry and exit, and fostering innovation. It will continue to act as long-term capital, patient capital, and strategic capital, fully leveraging the synergistic effect of "capital + industry," taking the lead in promoting the development of strategic emerging industries, and making new and greater contributions to accelerating the achievement of high-level scientific and technological self-reliance.

Relevant responsible persons from Chengtong Fund participated in the above activities.