CR HOLDINGS (01911) subsidiary successfully assisted Xinai Technology, a leading domestic supplier of high-end IC packaging substrates in the AI field, in completing its Series A2 financing round.

CR HOLDINGS (01911) announces that its controlled subsidiary, China Renaissance Securities Co., Ltd. (China Renaissance Securities), acting as sole financial advisor, successfully assisted Xinai Technology (Nanjing) Co., Ltd. (Xinai Technology), a leading domestic supplier of high-end IC packaging substrates in the AI field, in completing its Series A2 financing round. Investors in this round include multiple industrial strategic investors, Jiangsu provincial and municipal state-owned capital platforms, and well-known financial investment institutions, with additional investment from certain existing shareholders. The packaging substrate industry is known for long certification cycles, high technical barriers, and stringent mass-production validation, with formidable barriers to entry for top-tier supply chains. Leveraging cutting-edge technology development and outstanding large-scale delivery capabilities, Xinai Technology has achieved breakthrough customer adoption speed within the industry. According to Xinai Technology, its products have successively obtained supplier qualification certifications from multiple leading domestic semiconductor packaging and testing enterprises as well as globally leading large-scale packaging and testing groups, and have smoothly advanced to the mass-production stage. In addition, Xinai Technology's substrate solutions have also been gradually introduced into the supply chains of multiple well-known international integrated circuit design companies and first-tier terminal brands. The appointment of China Renaissance Securities as sole financial advisor demonstrates the Group's professional capabilities in financial advisory services for the high-end IC packaging substrate sector in the AI field, as well as its deep customer accumulation across the upstream and downstream of the industry chain. It also reflects the Group's professional capabilities and trusted reputation in continuously empowering innovative enterprises and assisting clients in achieving their strategic and financial objectives. The Group is honored to assist Xinai Technology in completing this financing round and firmly believes that it can seize the development opportunities in AI computing power and advanced packaging to accelerate its growth into a globally competitive leading enterprise in high-end packaging substrates.