Recently, Shenzhen Chengtech Technology Co., Ltd. completed the B round financing of 180 million yuan. This round of financing will further strengthen the company's advantages in the millimeter wave radar field from business, products to manufacturing, and accelerate the company's progress towards the goal of 10 billion level revenue.

This round of investment was jointly invested by Songhe Capital, Shanshan Venture Capital and Shaanxi Lujin, and the original shareholders Yida Capital and Founder Securities continued to make additional investments. Huachuang Shenda and Zhuode Investment provide FA services.

Founded in 2016, Chengtech Technology is a well-known millimeter wave radar enterprise in China. At present, it has become one of the enterprises with the best products, the best reputation and the fastest growth in the millimeter wave radar field. Chengtech millimeter wave radar products have been widely used for hundreds of automotive front-end customers (commercial vehicles, passenger vehicles, special vehicles), including forward facing radar, angle radar and in cabin applications. We also provide a large number of radar products and solutions for the head customers in the automotive aftermarket, security, transportation, two wheeled vehicles, robots and other industry markets.

We adhere to the enterprise core value of "taking responsibility and creating value for customers", and constantly improve the progressiveness, reliability, cost performance and delivery and supply capacity of products. At the same time of bold innovation, keeping pace with the times and continuous improvement, we should adhere to the principle of being a conscientious and kind enterprise. In the face of shortage and price increase in the whole industry, we should not give customers a penny more, not give customers less money, and not give customers a radar for late delivery. We should strive to become the most trusted long-term partner in the whole industry.

At the same time, we adhere to the talent strategy of "making Chengtech the most desirable place in the whole industry", constantly absorb and cultivate the best talents in the industry through the external "Zhou Gong Tu Bu" plan and the internal "Young Crops Plan", and continue to build an invincible Chengtech iron army from the following four aspects:

·Economy: Let everyone's income take the lead in the whole industry. Everyone is proud and dignified. We will not suffer losses in the short term and have more hope in the long term!

·Equality: build an atmosphere of equality, openness, respect and trust, face challenges together and share victory together!

·Growth: In the face of huge industry opportunities and the call of the times, personal awareness and self drive, together with various growth channels and training and exercise systems built by the company, enable everyone to grow rapidly and become a leader in the industry;

·Ideal: to truly practice the ideal of "being the best radar and changing the world with millimeter wave technology". Realizing the ideal, creating greater value for users step by step, and assuming social responsibility.

Chengtech Technology will continue to adhere to the concept of "making the best radar and changing the world with millimeter wave technology", continue to focus on improving the core competitiveness of products, while maintaining open cooperation, and strive to provide the best products and services for all customers and partners who have millimeter wave radar needs.

Brief introduction to the investors of this round:

[Songhe Capital]

Songhe Capital was founded by Mr. Li Wei and Mr. Luo Fei in 1996. The core team has more than 20 years of experience in science and technology investment, experienced the development of science and technology in China, and has a clear understanding of the industry. We will explore and promote China's technological innovation and entrepreneurship for a long time, and strive to become a technology investment institution with global influence.

Songhe Capital focuses on early and growth stage investment, focusing on three hard science and technology fields: digital economy, precision medicine and innovative materials. Up to now, the asset management scale has exceeded 18 billion yuan, with nearly 400 investment projects, and 57 outstanding enterprises have been successfully merged or listed. Some member enterprises include BGI (300676), Kaifeng Pharmaceutical (09939. HK), German Nano (300769), Shangtang Technology, Dajiang Innovation, etc.

[Shanshan Venture Capital] Shanshan Group was founded in Ningbo, Zhejiang Province in 1989. Over the past 20 years, Shanshan has steadily developed from a single clothing business into a diversified industrial cluster integrating technology, fashion, investment and other industries. In the field of new energy, the production and sales of lithium battery cathode materials of Shanshan Group rank first in the world, and the production and sales of lithium battery cathode materials rank top three in the world. For 16 consecutive years, it has been selected as one of the top 500 Chinese enterprises and one of the top 100 private enterprises in China's wealth creation list. The scale of Shanshan Venture Capital Management Fund is about 13 billion yuan, and it has 20 venture capital funds. It has successively received investment from Shenzhen Municipal Government Guiding Fund, Shenzhen Futian Guiding Fund, Shengshi Investment and other well-known master funds. Based on a strong industrial background, Shanshan Venture Capital focuses on investment opportunities in intelligent manufacturing, new energy, new materials, military manufacturing, artificial intelligence and other directions, and continues to empower invested projects. Past cases include minieye, Jin An Guoji (002636), Liancheng Precision (002921), Bangyan Technology, Pace Pharma (603858), etc.

[Shaanxi Green Gold] Shaanxi Green Gold Investment Management Co., Ltd. (hereinafter referred to as "Green Gold Company") was established on November 21, 2018, and is one of the fund management companies under Shaanxi Investment Capital. Green Gold Company was jointly funded by Shaanxi Shaanxi Investment Capital Management Co., Ltd., Shanghai Sirong Investment Management Co., Ltd. and Shanghai Electric Investment Co., Ltd. At present, Green Gold Company has set up four funds, mainly focusing on new energy, scientific and technological manufacturing, high-end equipment and related industrial transformation and upgrading fields.

[Yida Capital] Yida Capital was established through the internal mixed ownership reform of Jiangsu Hi Tech Investment Group, an old and well-known venture capital institution. It is one of the most influential venture capital institutions in China, and ranks among the top in the industry in terms of industry research capacity, asset management scale, investment specialization, etc. By November 2021, the management team of Yida Capital had managed a total of 120.3 billion yuan of capital, invested and supported 1090 start-ups, and helped 220 of them to land in domestic and foreign capital markets.

[Founder Securities] Founder Securities Investment Co., Ltd. is an alternative investment subsidiary established by Founder Securities Co., Ltd. in accordance with the Management Specifications for Alternative Investment Subsidiaries of Securities Companies. It is engaged in financial products, equity and other alternative investment businesses other than those listed in the List of Securities Companies' Self operated Investment Varieties, with a registered capital of 1.5 billion yuan. Founder Securities invests deeply in new energy and new materials, high-end manufacturing, medical medicine, new generation information technology and other fields, and continues to focus on industry leaders with huge development potential, as well as investment targets with greater market influence and technological leadership.