The venture capital group's cooperative sub-fund has successfully passed the review for investing in Yufan Technology on the Shenzhen Stock Exchange main board.

On November 3, 2023, the Listing Review Committee of the Shenzhen Stock Exchange approved the initial public offering application of Shanghai Yufan Environmental Technology Co., Ltd. (hereinafter referred to as "Yufan Technology").

Yufan Technology is an investment project of the venture capital group's cooperative sub-fund - Chuangyi Huizhi Fund. The Chuangyi Huizhi Fund was established on November 27, 2020, with a fund size of 100 million yuan. The Nanjing municipal science and technology innovation fund, managed by the venture capital group, contributed 39 million yuan. The sub-fund management institution is Shanghai Huishi Capital, which was established in 2011 and manages a total asset scale of 2 billion yuan. The company focuses on investing in strategic emerging industries such as green technology, intelligent manufacturing automation, and semiconductors. As of now, Huishi Capital has invested in 33 projects, of which 12 projects have successfully exited.

Yufan Technology was established in December 2012 and is located in Changning District, Shanghai. The company mainly engages in smart diagnosis and health assessment of drainage pipeline systems, disease treatment, and operation maintenance services. It is a national-level specialized and innovative "little giant" enterprise and a high-tech enterprise. The company's business covers the entire industry chain of drainage pipeline maintenance, including consulting, diagnosis, treatment, maintenance, and equipment manufacturing, with the main service targets being government-related departments, public institutions, and state-owned enterprises.

Source: Fund Department, Wu Han

Reviewed by: Xue Yao

Published by: You Yi