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The Relationship between Yalu Group and Huaxing
The investor of Yalu Group is Huaxing Fund.

Suzhou Yalu Holding Co., Ltd. was born out of Yalu Group and was established in 2008. In 2009, the new layout of clothing was basically completed. In addition to making Yalu brand bigger and stronger, it has also formed a differentiated brand positioning and realized a strong complementary structure between products. Investor: Huaxing Fund, investment round: equity financing.

Huaxing Fund was established in 2009. By the end of the first quarter of 20 18, it managed more than RMB16 billion, including private equity funds, mining investment funds, agricultural industry funds, government industry funds, real estate investment funds, venture capital funds and securities investment funds. The investors of Huaxing Fund include international and China high-net-worth individual investors.