KOTEI Makes Strategic Investment in JFT Semiconductor, Partnering with Linxin Capital to Build an Automotive-Grade Semiconductor Industry Synergy Ecosystem

On August 5, KOTEI Informatics Co., Ltd. (hereinafter referred to as "KOTEI" or "the Company") signed a strategic investment and cooperation agreement with Joint Future Co., Ltd. (hereinafter referred to as "JFT"). JFT, spearheaded by Li Yajun, a leading figure in domestic semiconductor industry investment and Chairman of Linxin Capital, is a company dedicated to automotive semiconductor industry synergy platform. This collaboration, personally facilitated by Li Yajun, marks KOTEI's strategic investment in JFT's equity structure. At the signing ceremony, Dr. Zhu Dunyao, Chairman of KOTEI, and Li Yajun, Chairman of both Linxin Capital and JFT, formalized the agreement on behalf of their respective parties. The partnership will focus on deep collaboration in automotive-grade integrated circuits, onboard power devices, and vehicle electronics hardware-software synergy, driving the large-scale application of domestically produced automotive-grade chips in the intelligent vehicle sector.

△ Li Yajun, Chairman of Linxin Capital and JFT (left), and Dr. Zhu Dunyao, Chairman of KOTEI (right)

Linxin Capital is one of China's earliest professional institutions dedicated to semiconductor industry chain investment. Founded and chaired by Li Yajun in 2015, the firm brings nearly three decades of semiconductor investment and senior management expertise. To date, Linxin Capital has accumulated over 20 billion RMB in assets under management, with investments in more than 100 companies, 18 of which have gone public—spanning the entire semiconductor value chain including chip design, wafer fabrication, and equipment materials. Li Yajun has been named to Fortune magazine's "China's Most Influential Investors TOP10" for two consecutive years and has been selected for six consecutive years to Zero2IPO's "Top 100 Investors in Investment".

JFT is positioned as an automotive semiconductor industry ecosystem synergy platform, with core competencies in orchestrating resources across chip design, wafer foundry, packaging and testing, and vehicle application endpoints. It empowers domestic chip companies with industrialization services including Tier 1 customer certification, automotive-grade validation, and mass-production vehicle integration. The platform, initiated and strategically architected by Li Yajun, leverages Linxin Capital's extensive semiconductor network to establish a coordinated operation spanning upstream and downstream automotive chip sectors.

With over two decades of deep expertise in automotive software, KOTEI brings mature technical capabilities in onboard software architecture, autonomous driving algorithms, vehicle electronic system integration, and chip-on-vehicle validation—enabling automotive semiconductor application scenario deployment. This strategic investment in JFT represents a key move for KOTEI to extend upstream into the semiconductor industry chain, aiming to bridge semiconductor resource synergy channels through capital ties and achieve a closed-loop collaboration of "vehicle demand pre-delivery—chip specification co-definition—automotive-grade validation—mass-production integration." Leveraging its customer network covering major OEMs, KOTEI can provide standardized vehicle scenario validation channels and batch production order support for semiconductor companies within the JFT ecosystem. Simultaneously, KOTEI can pre-deliver real vehicle requirements at the chip specification definition stage, achieving deep alignment between chip architecture and its proprietary onboard software systems, thereby shortening the domestic chip validation cycle.

This equity participation marks an extension of KOTEI's business boundaries from automotive software applications to semiconductor industry chain synergies, signaling the company's exploration of a "software + hardware" integrated development path. Going forward, KOTEI will continue to leverage its listed company capital platform, "AI + Automotive Software" technological accumulation, and industrial service advantages to orchestrate synergistic layouts across the automotive semiconductor value chain, contributing to the establishment of an independent and controllable core hardware-software system for China's automotive electronics industry.

Risk Disclosure

This investment amount is relatively small and does not materially affect the company's current financial position. The target company (JFT) and its invested chip enterprises operate in an industry characterized by high R&D investment, long cycles, and rapid technological iteration. Should R&D progress or technical roadmaps fall short of expectations, synergy effects may be impacted. Additionally, this investment involves a new business domain in which the company has no prior integrated circuit operating experience, posing risks of post-investment management and synergy underperformance. Furthermore, as the target company is in its early development stage requiring sustained investment, there exists a risk of extended investment return cycles. Investors are advised to exercise caution regarding these investment risks.