On December 16th, 2022, the 86th review meeting of the Municipal Committee on Growth Enterprise Market in 2022 passed the initial application of Changzhou Wujin Zhongrui Electronic Technology Co., Ltd. (hereinafter referred to as "Zhongrui Electronics"). Zhongrui Electronics has become the sixth science and technology innovation board GEM project under Infinity Capital in the past two years!

Founded in May 2001, Zhongrui Electronics is located in Wujin National High-tech Industrial Development Zone, Changzhou. It is mainly engaged in the research, development, manufacture and sales of precision safety structural parts of cylindrical lithium batteries. Its main products include power and capacity lithium batteries combined cap series products. With unremitting efforts and accumulation in the field of cylindrical lithium batteries for more than ten years, the company has outstanding technical research and development strength, has formed a larger production and sales scale, and occupied a leading market position.

Precision safety structure is an important part of cylindrical power battery, which needs to meet the requirements of high energy density, safety and reliability of power lithium battery. Sino-Swiss Electronics has established long-term and stable cooperative relations with leading lithium battery manufacturers at home and abroad, such as LG New Energy, Nengyuan Technology, Bike Battery and Lishen Battery. The products are mainly used in new energy vehicles such as Tesla Model 3 and Model Y, electric bicycles such as Xiaoniu, Haluo and Yadi, electric tools such as Dyson, TTI and Bosch, and digital 3C products.

According to the prospectus, Zhongrui Electronics plans to publicly issue 36,832,010 shares this time. After the issuance, the company's total share capital is 147,328,040 shares, and it is planned to use the raised funds for the power lithium battery precision structural parts project and the R&D center construction project.

In 2019, Infinity Capital completed its investment in Zhongrui Electronics. The relevant person in charge said that Zhongrui Electronics continued to promote the number of leading customers at home and abroad with its solid R&D strength, advanced production technology, efficient supply system and excellent quality management capabilities. In the future, through the smooth implementation of fundraising projects, Zhongrui Electronics will seize the opportunities in the market of new energy vehicles, power tools and smart homes, expand the production scale of key products, strengthen market share, and ensure the stability of performance. The development prospect is worth looking forward to. Infinity Capital will continue to support the development of the enterprise, constantly help Zhongrui Electronics to expand in the region and business, and become a strategic partner of the company.

In recent years, Infinity Capital invested Guangzhou Silinjie Technology Co., Ltd., Chuangyao (Suzhou) Communication Technology Co., Ltd., Haichuang Pharmaceutical Co., Ltd., Xinfengguang Electronic Technology Co., Ltd. and Lanjian Intelligent Technology Co., Ltd. successfully landed in science and technology innovation board respectively.