[Wuxi Xihong Guoxin Phase II Investment Co., Ltd. was established with a registered capital of 6 billion yuan] On September 11, Qichacha APP showed that Wuxi Xihong Guoxin Phase II Investment Co., Ltd. was recently established. The legal representative is Yao Beili, with a registered capital of 6 billion yuan. The business scope includes: engaging in investment activities with its own funds. Qichacha’s equity penetration shows that the company is jointly held by Wuxi Guolian Industrial Investment Group Co., Ltd., Wuxi Industrial Development Group Co., Ltd. and others. According to reports, Huahong Grace recently announced that the company and its wholly-owned subsidiary Shanghai Huahong Grace plan to jointly increase capital in Wuxi Huahong Grace Phase III Semiconductor Co., Ltd. with Wuxi Xihong Guoxin Phase II and China Development Bank Corporation to build a 12-inch specialty process wafer foundry production line with a monthly production capacity of approximately 55,000 pieces/month.