Shangfeng Joins Hands with Huicheng and Jinghe to Invest in Changxin Storage Sealing and Testing Supplier Xinfeng Technology

Shangfeng Cement announced on the evening of October 14 that its subsidiary company invested 53.2 million yuan to establish Suzhou Qihong Venture Capital Partnership (Limited Partnership) in cooperation with professional institutions, which invested in Xinfeng Science and Technology, a sealing and testing supplier of Changxin Storage. This is the 20th company invested in the field of Shangfeng Semiconductor. In this investment, Shangfeng has jointly invested with two listed companies in Hefei semiconductor industry chain, Huicheng Stock and Hefei Jinghe Integration.

Xinfeng Technology was originally funded by Huadong Technology, a professional sealing and testing factory affiliated to Huaxin Lihua, a listed company in Taiwan. It is mainly engaged in DRAM (Dynamic Random Access Memory) packaging and testing business. It is one of the main sealing and testing manufacturers of Changxin Storage in DRAM LPDDR4. Xinfeng Technology and Changxin Storage are separated by a wall, forming a "zero distance" supply chain layout. Up to now, Changxin Storage accounts for more than 99% of Xinfeng Technology's revenue, and Xinfeng Technology ranks second in the order volume of similar product suppliers. The business team of Xinfeng Science and Technology realizes flip chip packaging based on Bump and Filp Chip processes, which can meet the packaging process requirements of Changxin's subsequent expansion of advanced products. Huicheng, the leading investor in

this investment, is also a locally cultivated packaging and testing listed company in Hefei. Through the investment in Xinfeng Science and Technology, Huicheng has become its single largest shareholder; As the first 12-inch wafer manufacturing enterprise in Anhui Province, the shareholder of another investor, Jinghe Integration, together with Changxin Storage, constitutes the "twin engines" of chip manufacturing in Hefei. The capital cooperation of its ecosphere enterprises indicates that the local semiconductor industry cluster is moving from "single point breakthrough" to "network development".

Shangfeng has invested 200 million yuan in Changxin Science and Technology before, and this time it has jointly invested in Xinfeng Science and Technology, the supporting supplier of Changxin Storage, with industrial investment partners. It is steadily building a new development ecosystem in a series of investments with the second growth curve as its strategic goal.