On July 6, 2018, according to the terms of the asset management agreement, the issuer (Qinxin Financial Leasing Co., Ltd.) has been issued and the subscriber has used the funds of the entrusted assets to subscribe for the total issued principal amount of the targeted debt financing instrument of RMB 500 million. In the RMB 200 million yuan.
The interest rate and payment date of the targeted debt financing instrument are: 5.15% per annum, paid by the issuer on the maturity date (ie July 6, 2019). The maturity date is July 6, 2019.
The National Integrated Circuit Fund holds approximately 14.82% of the company's equity interest through its wholly-owned subsidiary, Xinxin (Hong Kong) Investment Co., Ltd., and the National Integrated Circuit Fund also holds approximately 32.31% equity interest in the issuer.
The issuer is mainly engaged in providing financial support to the development of the integrated circuit industry and related industries, promoting the construction and upgrading of production lines among leading integrated circuit manufacturing companies in China, focusing on the basic needs of the integrated circuit design industry and its supporting companies, and promoting integrated circuits. Coordination, interaction and development of equipment industry and related industry chain connections.