On June 27th, Gelunhui announced that Chunqiu Electronics (603890.SH) signed a capital increase agreement with Zhejiang Aichuang and its shareholders. The company intends to increase its capital to Zhejiang Aichuang with its own funds of RMB 28 million. Among them, the newly added registered capital is RMB 33.33 million, and the remaining capital increase price of RMB 24.666 million is included in Zhejiang Aichuang's capital reserve. After this capital increase is completed, Chunqiu Electronics will hold 25% of Zhejiang Aichuang's equity.
Zhejiang Aichuang was founded in January 2022 and is headquartered in Ningbo. It has wholly-owned subsidiaries in Shanghai and Wuhan. It is a high-tech company engaged in the research and development and production of automotive electronic products. Its main business is the R&D and design of smart automotive electronic edge actuators, cross-domain fusion controllers, and related chips. The main products are smart automotive electronic edge actuators; cross-domain fusion controllers; and customized products for a well-known chip manufacturer in Beijing. With automotive electronics as a starting point, Zhejiang Aichuang has achieved "cloud-guanduan" technology and solutions. Its business can be horizontally expanded to consumer electronics, IoT and other fields, and its market can be layout both domestically and internationally. Its core founding team mainly comes from well-known domestic and foreign parts suppliers, chip companies, and operating system manufacturers.
