FINGU plans to increase its investment in Wuhan Guangju by 100 million yuan to optimize its industrial layout

According to the announcement from WuHan FanGu (002194.SZ), on March 12, 2025, the company signed the "B+ Round Investment Agreement" (hereinafter referred to as the "B+ Round Investment Agreement") and the "B+ Round Shareholders Agreement" (hereinafter referred to as the "B+ Round Shareholders Agreement") with Hubei Provincial Railway Development Fund Co., Ltd., Wuhan Changzheng Guanggu Xinghuo Venture Capital Fund Partnership (Limited Partnership), Wuhan Matrix Infinite Venture Capital Fund Partnership (Limited Partnership), Chutian Changxing (Wuhan) Enterprise Management Center (Limited Partnership), Meng Fanbo, Wang Lili, and Wuhan Guangju Microelectronics Co., Ltd. According to the agreement, the company will invest RMB 100 million in Wuhan Guangju in the form of capital increase, of which RMB 11.2068 million will be included in the registered capital of Wuhan Guangju, and the remaining RMB 88.7932 million will be included in the capital reserve of Wuhan Guangju. After this investment is completed, the company will hold 5.9206% of the equity in Wuhan Guangju.

It is reported that Wuhan Guangju started in 2017 and is an IDM company deeply engaged in the design and wafer manufacturing of bulk acoustic wave (BAW) filter chips, as well as the entire process of packaging and testing. Wuhan Guangju successfully completed the construction and production of the first domestic 8-inch wafer factory for MEMS-based bulk acoustic waves in 2019. Relying on its own production line, Wuhan Guangju has developed an innovative patent system and unique GBAW series products, which have now been integrated into mainstream mobile phone products. The products cover mainstream mid-to-high frequency filter, duplexer, multiplexer for mobile communication 4G and 5G, enterprise-level WiFi, high-frequency bands of WiFi6E/7, and module filter solutions for WLP wafer-level packaging. At the beginning of 2023, Wuhan Guangju entered the supply chain of international major customers and continuously received bulk orders from leading ODM customers such as Wingtech and Longqi. With new frequency band products continuously being launched into the market, production capacity is also steadily expanding. This investment in Wuhan Guangju will optimize the company's industrial layout, enrich the company's product portfolio, and enhance the company's competitiveness in related markets