Runke (Shanghai) Private Equity Fund Partnership Enterprise (Limited Partnership) (“Kerun Fund” for short) was filed with Asset Management Association of China on October 18, 2019. The initial fund scale was RMB2 billion yuan. Runke Fund will concentrate on the microelectronic product and technology related to “Out-performing Moore’s Law”, fast-growing application market (intelligent manufacturing, automotive electronics, Internet of Things, new energy, massive health and big data related to them) and upstream and downstream industrial chain of semiconductor to make the investment. Meanwhile, combining with the integral development strategy and industrial collaborative advantages of China Resources Group and CR Micro, Runke Fund focuses on investing in some new emerging industries and microelectronic products application fields with development potential. In the strategy, Runke Fund places emphasis on the integration and equity investment of middle and late stage resources and gives consideration to a small number of risk investment in order to master “key and core technology”. Relying on industrial platform, Runke also seeks for the horizontal and vertical integration of industrial chain and subdivision fields. Considering the introduction and industrialization of new technology having great significance to industry, Ruke centralizes and inoculates excellent industrial resources to realize the investment fund appreciation. At the same time, Runke arranges the early and middle stage for innovative projects of microelectronic high-tech products, technology and materials in order to get the opportunity of strategy, market and high benefit.