Xingcheng Capital was established in 2014, headquartered in Zhangrun Building, Zhangjiang Science City, Pudong, with offices in Guangzhou, Jinan, and Shenzhen. Xingcheng Capital currently manages a fund size of over 40 billion CNY, supervised by three companies registered with the National Venture Capital Association, namely Shanghai Xingcheng Investment Management Co. Ltd. (P1028590), mainly responsible for equity investments in the semiconductor industry; Guangzhou Xingcheng Private Equity Securities Investment Management Co. Ltd. (P1070826), mainly responsible for securities investments and strategic investments in listed companies; Jinan Guokai Xingcheng Investment Management Co. Ltd. (P1069743), mainly responsible for semiconductor and general technology equity investments.

Since its establishment, Xingcheng Capital has been focusing on semiconductor industry investment. It anticipates the development trend of the semiconductor industry, focuses on and roots in semiconductor industry investment, adheres to the investment style of "holding positions, deep involvement, and active empowerment," and has made key investments and extensive participation in segments such as wafer manufacturing, semiconductor equipment, chip design, semiconductor materials, packaging and testing, etc. The company has successfully invested in over 60 semiconductor enterprises with significant technological characteristics and huge development potential, including Zhongwei Corporation (etching equipment leader, 688012), Xin Yuan shares (IP leader, 688521), Gailun Electronics (EDA leader, 688206), Shanghai Micro (photolithography leader), Eastern Wafer (OPC and electronic book measurement equipment), SMIC (wafer manufacturing, 688469), Guanggang Gas (bulk electronic gas, 688548), Zhongxin Wafer (large silicon wafer), etc. It has initially completed the investment layout of the rights-industry chain ecology, with a total investment of over 12 billion yuan and a managed scale of over 40 billion yuan. Xingcheng Capital is a private fund investment institution that actively invests, has a complete investment layout, a complete industrial chain, and remarkable investment achievements.

Zhuzhou State-Owned Assets Investment Holding Group Co. Ltd. (referred to as "Zhuzhou State-owned Investment Group") was established in May 1998. It is a state-owned asset investment and operating enterprise approved by the Hunan Provincial Party Committee and Government, with a registered capital of 4 billion CNY and a credit rating of AA+. It has 17 wholly-owned and majority-controlled subsidiaries and controls three listed companies with total assets of 103.68 billion CNY. The main business covers fund investment, financial services, digital industry, smart cities, vocational education, science and technology parks, advanced manufacturing, and other fields.

Zhuzhou State Investment Group adheres to the positioning of "industrial development operator," focusing on the "Three Highs and Four News" strategic positioning and mission of Hunan. It takes on the responsibility of promoting the high-quality development of advanced manufacturing in Zhuzhou. Following the "1-2-3-4-5" development strategy, the company's vision is to build a "first-class industrial investment group in the central region." It firmly sticks to the two main businesses of industrial investment and industrial services, follows the three paths of "industry empowerment, capital operation, and talent-strong enterprises," and steadfastly implements the four concepts of "industry focus, cost reduction and efficiency improvement, reform and innovation, and stable operation." The company vigorously promotes the five major projects of "Xinwei Engineering, Strong Foundation Engineering, Increased Revenue Engineering, Horse Racing Engineering, and Brand Engineering," and fully fosters a manufacturing nameplate city, constructing a new pattern of industrial development and a new ecological environment for industrial development. By 2025, the Group aims to enhance its investment strength, industrial level, management level, innovation ability, and brand effect comprehensively, strive for the AAA credit rating, optimize 100 billion CNY worth of assets, achieve 10 billion CNY in revenue and 1 billion CNY in profit, and become a first-class industrial investment group in the central region.