WAI CHI HOLD: CICC Venture Capital intends to invest in Shenzhen WAI CHI
WAI CHI HOLD announced that its wholly-owned subsidiary Shenzhen Wai Chi has signed a non-binding investment intention letter with CICC Zhanxin Venture Capital, intending to invest approximately RMB 30 million to 50 million to support the business development of Shenzhen Wai Chi. The board of directors believes that this investment will provide the group with necessary financial resources, enhance production capacity and technology, and improve business growth potential, which aligns with the overall interests of the company and its shareholders
According to the Zhitong Finance APP, WAI CHI HOLD (01305) announced that on August 11, 2025, its indirectly wholly-owned subsidiary, Wei Zhi Optoelectronics (Shenzhen) Co., Ltd. (Shenzhen Wei Zhi), entered into a non-binding investment intention letter with CICC Zhanxin Venture Capital (Heshan) Partnership (Limited Partnership) (CICC Zhanxin Venture Capital), regarding CICC Zhanxin Venture Capital's intention to invest in Shenzhen Wei Zhi.
It is reported that CICC Zhanxin Venture Capital or funds managed by its affiliates (collectively referred to as "investors") intend to invest approximately RMB 30 million to 50 million to strengthen the business development of Shenzhen Wei Zhi. CICC Zhanxin Venture Capital is a limited partnership primarily engaged in identifying high-potential investment opportunities.
The board of directors is reasonably confident that the investment proposed by the investors will provide the group with necessary financial resources to enhance existing production capacity, adopt new production technologies, launch new production lines, and strengthen and promote related procurement and sales efforts, thereby improving the group's business development and growth potential. The board believes that entering into the investment intention letter is in the overall interests of the company and its shareholders
