Beijing Lil: Plans to invest 200 million yuan in domestic AI chip company Shanghai Zhenliang.

Beijing Lil declared that the company subscribes to 20 million yuan of the 69.19 million yuan newly increased capital of Shanghai Zhenliang Smart Technology. Chairman Zhao Wei subscribes to 50 million yuan of the 17.30 million yuan newly increased capital. After the capital increase is completed, the company and Zhao Wei will respectively hold 11.43% and 2.86% of the equity of Shanghai Zhenliang. Shanghai Zhenliang Smart Technology Co., Ltd. was established in 2020, is a domestic AI chip company invested strategically by SenseTime, Sany Group, and GD Development Fund, and focuses on the research and manufacturing of GPGPU for AI training scenarios and the domestic substitution of intelligent computing infrastructure. Shanghai Zhenliang has already produced two generations of AI chips, and the latest generation of GPGPU chips will be delivered on a large scale in batches by quarters until 2025.