The year 2025 marked the closing of China's 14th Five-Year Plan (2021-25) period, as the nation continued to deepen strategic efforts to strengthen the modernization of the industrial system and realize high-level self-reliance and self-improvement in science and technology. At this stage, long-term and patient capital gained further momentum, the equity investment market recovered, and the role of State-owned capital as an engine in building an innovation ecosystem became increasingly prominent.

Recently, Beijing E-Town International Investment & Development Co., Ltd. (E-Town Capital), as a State-owned investment and operation corporation of the Beijing Economic-Technological Development Area (Beijing E-Town), has distinguished itself through exceptional investment performance and contribution to industrial empowerment, earning multiple accolades from several authoritative organizations. These honors underscored its role as a benchmark for State-owned capital, bringing 2025 to a close with distinction.

On Dec 29, Zero2IPO Research unveiled the China Venture Capital and Private Equity Annual Ranking 2025. E-Town Capital secured three prestigious accolades: Top 20 Investment Institutions in China's Semiconductor Sector, Top 50 Investment Institutions in China's Specialized and Sophisticated Enterprises That Produce New and Unique Products, and Top 50 Chinese State-owned Investment Institutions.

Additionally, at the recent 2026 Semiconductor Investment Annual Meeting and IC Industry Award Ceremony, hosted by the Semiconductor Investment Alliance and the IC Investment Innovation Alliance, E-Town Capital ranked 15th among the Top 30 Best State-owned Investment Institutions of the Year, while its fund of funds placed fifth on the list of the Top 20 Most Influential Government-guided Funds of the Year.

These honors not only reflect E-Town Capital's investment strength, comprehensive competitiveness, and industrial influence, but also showcase the effectiveness of its investment logic, strategic positioning and core competencies.

From precise equity investment targeting key projects to fund of funds mechanisms guiding social capital, and from broad-based support for specialized and sophisticated enterprises that produce new and unique products to deep, targeted investment in the semiconductor sector, E-Town Capital has demonstrated a multi-layered, full-chain, and cross-cycle capacity for industrial investment and ecosystem building.

By combining market-oriented, professional operations with national policy directives, regional development needs and capital market resources, the company has concentrated on bottleneck areas, supporting tech enterprises to grow rapidly, facilitating the breakthrough of key core technologies, and driving high-level technological self-reliance and self-improvement. It has vividly embodied the historic responsibility of State-owned capital in the new era.

In 2025, E-Town Capital focused on four leading industries, including next-generation information technology, biotechnology and healthcare, and made forward-looking investments in six future-oriented sectors, such as future space and manufacturing. Over the year, the company initiated more than 100 projects, made nearly 60 investment decisions, and allocated the investment of over 30 billion yuan ($4.29 billion) to more than 70 projects. Through a systematic approach involving direct equity investment, government-guided funds and AIC funds, E-Town Capital has effectively promoted industrial development and technological innovation in Beijing.

To date, the company's total assets exceed 140 billion yuan, with nearly 300 investment projects and over 90 funds under its management, amounting to a total fund scale of more than 1 trillion yuan.

The year 2026 marks the beginning of the 15th Five-Year Plan (2026-30) period. Standing at this new starting point, E-Town Capital will continue to adhere to the principles of long-termism and value investing, further strengthening the functions of long-term, patient and strategic capital.

By providing top-tier capital to empower industrial excellence, the company will make every effort to ensure the successful implementation of major projects, tackle key core technological challenges, and safeguard the security and stability of the industrial chain. Through more precise investment, a more complete ecosystem and more professional services, E-Town Capital is committed to making even greater contributions to cultivating and developing new quality productive forces, building a modern industrial system, and advancing the high-quality growth of Beijing and E-Town.