[Pudong Venture Capital Group and Pudong Science and Technology Innovation Group merged and reorganized] On September 16th, Pudong Venture Capital Group and Pudong Science and Technology Innovation Group announced today that in accordance with the overall deployment and work requirements of the Pudong New Area Committee and District Government on the reform and development of state-owned assets and state-owned enterprises, To further promote the strategic reorganization and professional integration of state-owned enterprises, upon approval, Pudong Venture Capital Group and Pudong Science and Technology Innovation Group will implement a merger and reorganization of equals. Pudong Venture Capital Group will inherit the assets, liabilities, business, personnel and other rights and obligations of Pudong Science and Technology Innovation Group. The merged Pudong Venture Capital Group focuses on full-cycle and full-industry chain investments in technological innovation industry projects, giving full play to the leading and supporting role of state-owned capital in the field of technological innovation investment.