According to the Shenzhen Stock Exchange announcement, Shenzhen Lihexing Co., Ltd. (hereinafter referred to as “Lihexing”) (ticker: 301013) will be listed on June 29, 2021. The total number of common shares of the company is 155,828,704, of which 33,246,306 shares have been listed and traded since the date of listing. In 2019, the company achieved an operating income of 253 million yuan and a net profit of 58.303 million yuan.

Lihexing joined the “Hi-tech Growth Plan” sponsored by TMFOX in 2013 as an early project. The A round of fundraising was completed in 2014, and it was listed on the New OTC Board in 2015. In 2017, TMFOX Growth Fund, Lens Technology, Shenzhen Great Wall and other industry partners completed the B round of investment in Lihexing. In 2019, China Merge and Acquisition Fund, cowincapitals, and Xiaomi completed the C round of strategic investment in Lihexing.

Andy Yu, Founder of TMFOX, said: “Congratulations to Lihexing founder Lin Yipan for leading the team to successfully go public, and congratulations to TMFOX’s industry and institutional partners who have speeded up the growth of Lihexing, congratulations to all investors in the TMFOX Growth Fund II. To the TMFOX team who undertook different missions at different stages from 2013 to 2021 has said it’s hard work. In Perseverance will be rewarded during this long struggle. TMFOX’s ability to participate in the early incubation and acceleration of Lihexing, and complete the investment, is our proud experience. It is also a classic case of Yitou’s incubation and accelerated investment business system. The hard work of the past 8 years is worthwhile.

About Lihexing

Shenzhen Lihexing Co., Ltd. was established on January 9, 2006, with a registered capital of RMB 116,871,528. Since its establishment, the company has focused on the development, production and sales of automation and intelligent equipment, and is committed to becoming a new generation of information and communication technology. Leading provider of smart manufacturing solutions. As an equipment manufacturer, the company mainly serves customers in the fields of information and communication technology, and realizes the deep integration of high-end equipment manufacturing and new industries such as new generation information technology. The company’s products are mainly used in the detection and manufacturing of mobile smart terminals and network infrastructure devices. The company’s customers include Huawei, Foxconn, VDI Technologies, TCL, Fuji Xerox, Canon and other well-known companies.

The company’s products mainly serve the industry’s leading customers. The company’s products are subject to strict quality control throughout the entire process from design finalization, raw material procurement to batch delivery. The company also keeps the company’s quality control level in R&D design management, procurement management, and production management at the forefront of the industry by continuously introducing advanced management concepts, improving management levels, using quality control tools, and constantly improving.

With excellent R&D technology, stable product quality, excellent product services and reasonable sales prices, the company has been widely recognized by large downstream customers, has established long-term and stable cooperative relations with many well-known domestic and foreign companies, and its brand awareness has been continuously improved. . The good brand effect has further promoted the development of the company’s business and laid a solid foundation for the company’s development according to the established strategy.

About TMFOX VENTURE PARTNERS

TMFOX focuses on the evolution of global Healthcare and is committed to empowering its clients with cross-border funding, business development, and risk management. TMFOX offers holistic solutions that help clients grow competitive in this constantly evolving market. Founded in 2009 in Shenzhen in China by Andy Yu, the boutique investment bank has operations in 6 cities across China and 3 international cities such as Vancouver, Seattle, and Boston in North American.