Gelonghui, April 16 | 37 Entertainment (002555.SZ) announced that its wholly-owned subsidiary, Anhui Taiyun Investment Management Co., Ltd. plans to invest in Guangdong Qianxing Zhiqing Venture Capital Partnership (Limited Partnership) (“Qianxing Zhiqing Fund”). Qianxing Zhiqing Fund was founded by Qianxing Capital Management (Hengqin) Co., Ltd. (“Qianxing Capital”) and Deng Zhiyi. The manager of Qianxing Zhiqing Fund is Qianxing Capital. The tentative target total subscription scale of Qianxing Zhiqing Fund is RMB 31 million. Anhui Taiyun, a wholly-owned subsidiary of the company, plans to invest no more than 30 million yuan with its own capital as a limited partner, and Qianxing Capital plans to invest no more than 1 million yuan with its own capital as a general partner.
After this investment in Qianxing Zhiqing Fund, Qianxing Zhiqing Fund will directly or indirectly invest in the shares of Guangzhou Lijing Innovation Technology Co., Ltd. (“Lijing Innovation”). Guangzhou Lijing Innovation Technology Co., Ltd. is a comprehensive company focusing on camera R&D and production. It has been rooted in various imaging technology products for nearly 20 years and has successfully mass-produced mobile phone lens modules, tablet lens modules, and laptop lens modules. Up to now, it has designed and mass-produced hundreds of customized lens modules. The company has a strong R&D team and successfully developed the industry's first three-camera module in mobile phone products. It continues to develop in a steady position for future AIOT intelligent IoT applications, 3D and automotive market products, and aims to become the world's number one leader in video integration.