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According to reports, NAURA announced that the company has increased its capital by 510 million yuan to its wholly-owned subsidiary, NAURA Innovation Investment(Beijing)Co.,Ltd  (hereinafter referred to as Huachuang Venture Capital). The Phase II Fund for Beijing IC Equipment Fund II (hereinafter referred to as Phase II Fund), in which the company participates, has completed the relevant registration and filing procedures.

On February 17, NAURA announced that the company has increased its capital by 510 million yuan to its wholly-owned subsidiary, Huachuang Venture Capital, And is currently in the process of handling business registration changes, articles of association filing, and other formalities.

On December 30, 2024, Huachuang Venture Capital (officially known as North Huachuang Innovation Investment (Beijing) Co., Ltd.) formally signed the Partnership Agreement for the Phase II Fund for Integrated Circuit Equipment Industry Investment and Mergers & Acquisitions (Limited Partnership) with co-investors including:

Beijing Economic-Technological Development Area Government Investment Guidance Fund (Limited Partnership),

Beijing Integrated Circuit Industry Investment Fund (Limited Partnership),

Beijing State-owned Capital Operation and Management Co., Ltd., and other partners.

Recently, the Phase II Fund completed its industrial and commercial registration procedures and obtained the Business License issued by the Beijing Municipal Administration for Market Regulation.

On February 13, the Phase II Fund completed the private investment fund filing procedures with the Asset Management Association of China (AMAC) and received the Private Investment Fund Filing Certificate.

According to the announcement, the total fundraising scale of the Phase II Fund is 3 billion yuan, with the initial cash fundraising not exceeding 2.5 billion yuan. The specific subscription plan is as follows:

Huachuang Venture Capital plans to subscribe 510 million yuan,

Beijing State-owned Capital Operation and Management Co., Ltd. plans to subscribe 500 million yuan,

Beijing E-Town Capital Investment & Development Co., Ltd. plans to subscribe 500 million yuan,

Zhongguancun Development Group Capital Co., Ltd. plans to subscribe 500 million yuan,

Beijing Electric Control Industry Investment Co., Ltd. plans to subscribe 200 million yuan,

Shanghai Pudong Science and Technology Innovation Fund I plans to subscribe 100 million yuan,

Lingang Science and Technology Frontier Fund plans to subscribe 100 million yuan,

CSC Financial Investment Co., Ltd. plans to subscribe 60 million yuan,

Novel Capital plans to subscribe 30 million yuan,

The remaining 500 million yuan will be raised by the fund manager, Novel Capital, through market-oriented fundraising.

In terms of investment direction, the Phase II Fund will primarily focus on mergers and acquisitions (M&A) and equity investments in the semiconductor sector, with a particular emphasis on equipment, components, materials, software, devices, and upstream/downstream new technologies, new materials, and new applications.

The fund manager, Novel Capital, is jointly owned by:

Beijing Electric Control Industry Investment Co., Ltd. (holding 35%),

Beijing Xinchuan Smart Semiconductor Technology Partnership (Limited Partnership) (holding 29%),

Beijing Shengshi Zhida Investment Fund Management Co., Ltd. (holding 22%),

North Huachuang Technology Group Co., Ltd. (holding 14%).