On the afternoon of June 25, 2019, Paradise Silicon Valley and Yancheng Economic and Technological Development Zone Government and Shanghai Liandu Information Technology Co., Ltd. signed a strategic cooperation agreement in the Paradise Silicon Valley Conference Room of Fuxi No.1 Xixi Wetland. Zheng Shen, deputy director of Yancheng Economic and Technological Development Zone, Yancheng Hanzi Industrial Park Industrial Development Co., Ltd., Peng Li, office investment manager, Gu Danwei, deputy director of investment of Jiangsu Yueda Shanda Equity Investment Fund Management Co., Ltd., Shanghai Liandu Information Technology Co., Ltd. Founder Yang Mingyi, President of Zhengtou Investment Consulting (Beijing) Co., Ltd. Shanghai Branch Zhongchuan Yaqing, Business Director Song Yang, Chairman of the Board He Xiangdong and Senior Partner Jun Jun attended the signing ceremony.

At the symposium, our company gave a detailed introduction to the company's development history and business layout, and focused on the exploration and practice of government industrial funds. Director Zheng of Yancheng Economic Development Zone introduced the basic situation of the development zone, and focused on regional construction and industrial development planning, focusing on its investment promotion, industrial transformation and upgrading, and support for high-growth enterprises. Yancheng Economic and Technological Development Zone is a state-level economic development zone. In 2012, it was approved as Yancheng Comprehensive Bonded Zone. In July 2015, it was identified as the core zone of China-Korea Yancheng Industrial Park. In May 2017, Yancheng Zhishang Automobile Town was approved as the first in Jiangsu Province. It is one of the 25 provincial-level characteristic towns and is one of the top 100 industrial parks in China. As the starting area of \u200b\u200bthe core area of \u200b\u200bChina-Korea (Yancheng) Industrial Park, Hanzi Industrial Park actively seizes the opportunity of signing the China-South Korea Free Trade Agreement and will create a modern industrial 4.0 internationalization with the requirements of low carbon, ecology, intelligence and livability. Park. Director Zheng said that he is very keen to introduce such excellent private equity investment institutions as Paradise Silicon Valley. The government is willing to give active support in policy support and investment promotion to jointly promote regional industry improvement. Yang Mingyi, founder of Shanghai Liandu Information (100460), introduced the company's ecosystem-oriented financial technology innovation products and technology advantages based on big data analysis and modeling, and expressed willingness to provide industrial resources for government industry funds. Based on good willingness to cooperate, the three parties reached a consensus on establishing a long-term strategic partnership.

Subsequently, the Yancheng Economic Development Zone Government signed a strategic cooperation agreement with Paradise Silicon Valley and Liandu Information. It plans to set up industrial investment funds around big data and artificial intelligence, with a total scale of 1 billion yuan. The first phase will be 200 million yuan. Industry policies support the development of the industry, and actively focus on investment opportunities related to emerging industries and investment opportunities for the transformation and upgrading of physical enterprises. These include, but are not limited to, information technology, smart logistics, big data, financial technology, artificial intelligence, and other strategic emerging industries.

The signing of the strategic cooperation framework agreement will give full play to Yancheng's regional industrial advantages and policy resources, Paradise Silicon Valley's professional capabilities, brand and resource advantages in private equity operation and industrial investment, as well as the core advantages of the joint industry of Liandu Information and Partner resources to jointly promote regional integration of industry and finance, industrial transformation and upgrading and sustainable development.