On December 17, 2025, Muxi Integrated Circuits (Shanghai) Co., Ltd. (Stock Short Name: Muxi Semiconductor, Stock Code: 688802)—an investee of multiple cooperative sub-funds of Nanjing Innovation Investment Group (Nanjing Heli Guoxin Zhixin Fund, Nanjing Jingwei Chuang No.1 Fund, and Nanjing Chuangding Minghe Fund)—was officially listed on the Shanghai Stock Exchange STAR Market.

Muxi Semiconductor is one of the leading enterprises in the field of high-performance general-purpose GPUs in China. Founded in September 2020, the company is committed to the independent R&D of full-stack high-performance GPU chips and computing platforms. Its main business focuses on three core areas: chip R&D, design and sales for artificial intelligence training and inference, general computing and graphics rendering, while providing supporting software stacks and computing platforms around GPU chips. With profound technical accumulation and continuous innovation, Muxi Semiconductor's products maintain leading positions in the domestic market in terms of versatility, core performance, commercialization and independent controllability.

Nanjing Heli Guoxin Zhixin Equity Investment Partnership (Limited Partnership) was established in April 2019 with a total fund size of RMB 3.355 billion. The Nanjing Emerging Industry Development Fund managed by Nanjing Innovation Investment Group contributed RMB 255 million to this fund. The fund manager is Heli Capital, whose founding team comes from the former largest regional semiconductor investment fund in the Asia-Pacific region. Having been deeply engaged in semiconductor equity investment for more than 20 years, Heli Capital has invested in nearly 180 semiconductor projects with a cumulative investment of billions of US dollars. It has also participated in the investment of dozens of well-known upstream, midstream and downstream semiconductor companies, achieving outstanding investment performance.

Nanjing Jingwei Chuang No.1 Investment Partnership (Limited Partnership) was established in March 2021 with a total fund size of RMB 7.448 billion. The Nanjing Emerging Industry Development Fund entrusted to Nanjing Innovation Investment Group contributed RMB 280 million to this sub-fund in 2022. The fund manager of Nanjing Jingwei Fund is Shanghai Jingzhuo Investment Management Co., Ltd., which mainly invests in growth-stage enterprises in fields such as intelligent manufacturing equipment and medical care.

Nanjing Chuangding Minghe Equity Investment Partnership (Limited Partnership) was established in September 2018 with a total fund size of RMB 1.888 billion. The Nanjing Emerging Industry Development Fund entrusted to Nanjing Innovation Investment Group contributed RMB 368 million to this sub-fund in 2019. The fund manager of Chuangding Minghe Fund is Guochuang Zhongding (Shanghai) Equity Investment Management Co., Ltd., which mainly invests in enterprises in fields such as semiconductors and intelligent manufacturing equipment.