China Life: plans to invest 5B yuan together with related parties to establish a semiconductor industry fund

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Golden Finance reports that China Life Insurance has announced that the company plans to act as a limited partner and enter into a partnership agreement with its related party, Guoshou Industrial Investment Management Co., Ltd., by December 31, 2026, to establish the Tianjin Shenghe Chipcheng Equity Investment Fund Partnership Enterprise (Limited Partnership). The total subscribed capital contribution by all partners is RMB 5 billion, of which China Life’s subscribed contribution is RMB 5B, and Guoshou Industrial’s subscribed contribution is RMB 1 million. Guoshou Capital Investment Co., Ltd. will serve as the manager. The partnership enterprise’s term is 8 years, and it will focus on investing in semiconductor industry companies. This transaction constitutes a related-party transaction, does not constitute a major asset reorganization, and does not meet the standards for consideration by the shareholders’ meeting.
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