WUXI, China, Feb. 6, 2023 /PRNewswire/ -- Huatai International Private Equity Fund ("HTPE"), the Greater China focused private equity investment platform under Huatai Securities, is pleased to announce that it completed investment in Jiangsu Shekoy Semiconductor New Material Co. Ltd. ("Jiangsu Shekoy" or the "Company"). The total financing amount of this round reaches RMB 1.745 billion.

This investment is another milestone for HTPE in semiconductor industry, demonstrating its confidence in the growth potential of China's semiconductor enterprises.

Jiangsu Shekoy is a wholly-owned subsidiary of Jiangsu Yoke Technology (002409.SZ). Since its establishment, the Company focuses on manufacturing advanced semiconductor materials, such as precursors, photoresist, and supporting reagents. Its customers include top semiconductor and display panel manufacturers around the globe. This new investment is supported by a group of top industrial and strategic investors to help further improve the Company's competitiveness and expand local production capacity. Jiangsu Shekoy is poised to become one of the leading semiconductor precursors and panel photoresists supplier in China.

Yang Lei, Managing Partner of HTPE, commented:" Semiconductor is one of our key focuses among all technology-related sectors. After investing in the midstream and downstream within semiconductor industry, we strategically make further investment in semiconductor materials, one of the core elements in upstream supply chain. This expands HTPE's footprints in semiconductor sector and contribute to the development of China's high-tech industry.

Equipped with top international management team and technical experts, Jiangsu Shekoy has attained extensive experiences in the industry as well as a solid customer base. We believe it will pioneer in this exciting space. Going forward, HTPE will continue to facilitate the development of China's semiconductor sector both horizontally and vertically, further integrate its value chain, and contribute to the industry ecosystem upgrading."

About Jiangsu Shekoy

Established in July 2016, Jiangsu Shekoy is a wholly-owned subsidiary of Jiangsu Yoke Technology (002409.SZ), which specializes in manufacturing semiconductor precursors, SOD, display photoresistsm etc. Through internal R&D upgrade and external M&A activities, Jiangsu Shekoy has been achieving technological breakthroughs and improving its product lines.

About HTPE

Huatai International Private Equity Fund ("HTPE") is a USD private equity fund under Huatai Securities, one of China's largest financial conglomerates. HTPE is focused on mid-to late-stage significant minority growth equity and mid-market buyout investment opportunities in China and beyond, covering healthcare, semiconductor, hard tech, TMT, and consumer sector. The core investment team is comprised of investment veterans with more than ten years of experience in private equity and capital markets. Leveraging on Huatai's solid platforms and networks in China and worldwide, HTPE utilizes a unique multi-pronged strategy and integrates its global best practice, broad know-how, deep industry understanding, as well as comprehensive local expertise and experience to capture high growth potential across a variety of sectors, to identify and work with top-notch companies with promising capabilities at different stages.

Contact us: htpeir@htsc.com

Source: Huatai International Private Equity Fund (HTPE)