First Order Since The Unveiling of STEC Jianyuan Fund “Holds Hands” With China`s Beidou Navigation System Expert

2016-11-16

On November 16^th, STEC`s Shanghai Jianyuan Equity Investment Fund is officially inaugurated. STEC`s Jianyuan Fund has been jointly invested and founded by STEC, GP Urban Development and BOCOM & Schroders, which is dedicated to searching for high-increase high-yield target enterprises for equity investment within the STEC system, as well as the upstream and downstream of the industry chain, so as to offer limitless supply of various types of new format enterprises for STEC`s transformation and upgrading, utilize it to maintain the sensitivity of STEC towards high and new technologies of the industry, obtain industrial development bonuses and push forward the settlement and layout of STEC in advance in these potential industrial fields.

Before this, Jianyuan Fund and Shanghai MEDO Monitoring Technology Co., Ltd have signed up a strategic investment agreement, with the first order “holding hands” with China`s Beidou Navigation System application expert-Shanghai MEDO Monitoring Technology. Wang Liheng, academician of Chinese Academy of Engineering and expert on China`s missile power technology and aerospace engineering management, and other experts of relevant industries, as well as corporate executives, have attended the signing ceremony, and witnessed the naissance of the most creative industrial fund within the industry. The strategic investment to MEDO Monitoring is the first show of STEC`s Jianyuan Fund in the capital market. MEDO Monitoring is the leader of millimeter-scale GNSS (global navigation satellite system) monitoring technology in China. The technology is mainly based on China`s Beidou Satellite Positioning System. It has been widely used for geologic hazards, roads, mines, water conservancy, high-speed railway and other displacement measurement and monitoring fields.

Beidou Satellite Positioning System is a satellite positioning system that has been independently researched and developed by China by utilizing the geostationary satellite in order to provide users with all-weather and regional positioning services, which has extremely high national strategic significance. The monitoring technology of MEDO Monitoring aims at providing the cutting-edge GNSS navigation technology for STEC to forge “intelligent cities”. Next,  Jianyuan Fund will mainly invest on the upstream and downstream industry chain of STEC, search for industrial realms that are capable of promoting to give play to synergistic advantages and industrial upgrading and transformation in the entire industry chain, such as soil improvement, new type construction materials and other new type industries and high-tech enterprise projects. By investing these projects, STEC`s Jianyuan Fund will further promote STEC to optimize industrial layout, ameliorate the industry chain, accelerate industrial upgrading ad transformation; in addition, by relying on the advantages of STEC on overall industry chain operation, it will promote the invested projects to be capable of enjoying sound development and turning into superior investment project. While obtaining higher market values, it will assist STEC on making itself into the integrator of urban ecosphere resources.