The relevant filing and registration procedures for private fund managers under Huawei Hubble Investment were officially completed. This marks the formal establishment of Huawei's private equity fund project, which also means that Huawei will formally enter the private equity fund field. The establishment of the private equity fund project represents Huawei's next move. It will raise funds for qualified investors, including social institutions and individuals, to invest in the semiconductor industry chain.

Private placement refers to the sale of shares to a few people, institutions and enterprises, and the shares will not be listed and circulated without going through the relevant registration procedures of the Securities and Exchange Commission. Compared with public offering, private placement can help enterprises realize the benefits far beyond industrial operation in a short time, realize capital appreciation and build an ecological chain for enterprise development.