Zhongguancun Development Group Joint-stock Co., Ltd.

Zhongguancun Development Group was established on April 1, 2010. It is a large state-owned enterprise established by the Beijing Municipal Party Committee and Municipal Government to further accelerate the construction of the Zhongguancun Demonstration Zone, strengthen municipal-level coordination, and allocate innovation resources through market-oriented means. The Group adheres to the "dual-dimensional" strategic goal of synchronized development of the Zhongguancun Demonstration Zone and the Group itself, integrating resources, building platforms, combining industry and finance, leading innovation, and constructing five major business systems: industrial investment, technology finance, science and technology parks, regional cooperation, and overseas business. It has explored a "Zhongguancun path" where state-owned capital drives technological innovation. During the "12th Five-Year Plan" period, it successfully achieved the "three 100-billion" goals of managing assets, investment scale, and financing provision, becoming the main market-oriented resource allocation platform for Beijing to promote the development of the Zhongguancun Demonstration Zone. In terms of industrial investment, focusing on building a "high-end, precision, and advanced" economic structure, it concentrates efforts on investing in and serving major "high-end, precision, and advanced" projects. By adopting methods such as holding government equity investments on behalf of the government, investing self-owned funds, utilizing market-oriented investment platforms, and establishing funds, it leverages market mechanisms to realize the leading and amplifying function of state-owned capital, promotes the transformation and industrialization of a batch of core technologies and original innovations, and accelerates the cultivation of "high-end, precision, and advanced" industrial clusters with technology dominance. In terms of technology finance, focusing on serving "mass entrepreneurship and innovation," it fully promotes the construction of an integrated technology financial service system. It has developed technology guarantee, technology credit, technology leasing, venture capital, and leading innovation finance businesses with clear division of labor and complementary functions, forming the Zhongguancun "fund family," providing comprehensive and integrated financial services to innovative and entrepreneurial enterprises at different growth stages. In terms of science and technology parks, focusing on the coordinated development of Zhongguancun's "one zone, multiple parks," it strives to improve the planning, construction, and comprehensive operation levels of the parks. Adhering to the "five first-class" standards, following the direction of "one park, one platform" and "one park, one fund," through the "six-in-one" planning system, "seven management measures" for engineering construction, and "eight major platforms" for industrial services, it creates a benchmark for new science and technology park planning and construction, guiding parks to accelerate transformation and upgrading into first-class comprehensive operators. In terms of regional cooperation, focusing on the coordinated development of Beijing-Tianjin-Hebei, it builds a regional collaborative innovation platform. It initiated the establishment of the Zhongguancun Collaborative Development Company and the first domestic regional collaborative investment fund. Through the "one company, one fund, two-tier structure," it further leverages the demonstration, leading, and radiating role of the Demonstration Zone, accelerates the construction of a regional collaborative innovation community, and cooperatively promotes a number of major projects in Tianjin Binhai, Tianjin Baodi, Hebei Zhengding, Baoding, etc., promoting the alleviation of non-capital functions and forming a regional collaborative innovation network. In terms of overseas business, focusing on the "Belt and Road" initiative and Zhongguancun's internationalization, it accelerates overseas business expansion. Following the approach of "bringing in, going global, and being local," it has formed a business layout of "one company, one fund, one center" in Silicon Valley, building a hub platform for exchange and interaction of innovation resources between Zhongguancun and Silicon Valley, and drawing on the Silicon Valley model, it expands to regions rich in global innovation resources such as North America and Europe, as well as national strategic node regions, promoting the global layout of Zhongguancun enterprises and accelerating the internationalization of Zhongguancun. As of now, the Group has a registered capital of 23.02 billion yuan, a total of 17 shareholders, total assets of 101.01 billion yuan, and net assets attributable to the parent company of 21.78 billion yuan. The Group has 34 wholly-owned and controlled subsidiaries, and has received an AAA long-term entity credit rating. Facing the "13th Five-Year Plan," the Group will closely focus on Beijing's construction of a national science and technology innovation center and Zhongguancun Demonstration Zone's construction into a globally influential science and technology innovation center. In accordance with the requirements of "one positioning, dual-dimensional goals, and three standards," it will deepen the concept of "integrating resources, building platforms, combining industry and finance, and leading innovation," build an open and shared innovation and entrepreneurship ecosystem platform, with technology industry as the foundation, science and technology parks as the carrier, industrial investment and technology finance as the two wings, and regional cooperation and overseas business as strategic fulcrums. By combining asset operation and capital operation, it will comprehensively enhance its comprehensive capability to serve technological innovation, accelerate the construction of a large enterprise group serving technological innovation with global influence, and make new and greater contributions to building a "high-end, precision, and advanced" economic structure, promoting the coordinated development of Zhongguancun's multiple parks, accelerating the internationalization of Zhongguancun, boosting the collaborative innovation and development of Beijing-Tianjin-Hebei, and promoting mass entrepreneurship and innovation.