On April 23, 2020, Liaoning Zhongji New Materials Venture Capital Partnership (Limited Partnership) held its first Investment Committee meeting of 2020 online. The meeting was convened by Wen Yuanhua, President of China Zhongji Investment and Director of the Investment Committee, and presided over by Wu Fushun, Managing Director of China Zhongji Investment and member of the Investment Committee. Other members of the Investment Committee, observers from the Liaoning Provincial Industrial (Venture) Investment Guiding Fund Management Center, observers from Shenyang Hengxin Antai Equity Investment Fund Management Co., Ltd., other relevant leaders, project team reporting members, and the Investment Committee secretary attended the online meeting. The meeting reviewed relevant proposed investment project proposals in accordance with the pre-set agenda. Various Investment Committee members, observers, and other leaders expressed their opinions, ultimately passing two proposals. The Liaoning Zhongji New Materials Venture Capital Fund was jointly established by China Zhongji Investment and the Liaoning and Shenyang municipal governments as a government-guided industry fund. The fund has a total scale of 500 million yuan and primarily supports the new materials and related industries in Liaoning Province and Shenyang City. The fund mainly focuses on high-quality targets in the initial and early-to-mid stages that have investment value, providing capital and industrial empowerment to promote local industrial development.
China Zhongji Investment will also use the "Liaoning Zhongji New Materials Venture Capital Fund" as a vehicle to further improve its business layout in the new materials field.
