First of all, the benefits of the letter
1. China Equity Group was established in 1999. It is the earliest professional investment management institution focusing on venture capital and equity in China and one of the largest independent asset managers. Company name Li Xinzhong Investment Co., Ltd. was established in 1999. Its business scope focuses on the professional investment management of venture capital and equity.
2. Li Xinzhong is the cooperative management institution of the National Development and Reform Commission's High-tech Guidance Fund and the Beijing Small and Medium-sized Enterprise Guidance Fund, and also the founding director of the China Venture Capital Association. Mr. Wang Chaoyong, the chairman and managing partner of our company, was the chief representative of Morgan Stanley in Beijing and the investment business consultant of China Development Bank, with 24 years of rich experience in investment and investment banking. Li Xinzhong has more than 50 professional employees at home and abroad, and is also the owner of China Team in the America's Cup and Li Xinzhong in the China Cup.
The company manages 6 foreign currency and RMB funds, totaling about 2 billion dollars. The investment direction covers strategic industries such as TMT, new energy and environmental protection, consumer and retail, medicine and health, culture and education, modern services, and resource agriculture. One of the funds is the first China private equity fund listed on an overseas exchange. Li Xinzhong invested in nearly 50 enterprises, including Baidu, Sohu, Huayi Brothers, Sunway Education, Futong Technology, Jinkono Minerals, Hero Resources and many listed companies at home and abroad.
4. Li Xinzhong Company raised more than 200 million dollars for 12 high-tech enterprises; As investment and financing consultant for more than 20 government agencies, financial institutions and high-tech enterprises; Direct investment 15 high-tech enterprises, with main customers including Beida Jade Bird, China Home Network, China Online, Rising Technology, etc. At the same time, it also operates business incubators.
Second, the Sino-Italian relationship between Li Xinzhong International and the New Third Board
Li Xinzhong International Holdings is an enterprise controlled by Wang Chaoyong and Li Yifei, the actual controllers of New Third Board Li Xinzhong (833858) Company. As a related party of the company, Li Xinzhong International Holdings is mainly engaged in foreign currency equity investment business, and its investment targets are mainly overseas enterprises or domestic enterprises with VIE structure. In view of the laws and regulations and the business characteristics of the investment industry, Li Xinzhong International Holdings and Li Xinzhong, a company listed on the New Third Board, belong to the same business, but they do not constitute competition.