On May 20, Jiangsu General Science Technology Co., Ltd. disclosed the news that it will establish a new investment company. It plans to invest in the military and civilian integration field with three other partners. Among them, new graphene materials, etc. will become the investment focus.

The newly established investment company is tentatively named Tianjin Yifeng Mixing and Reforming Venture Investment Partnership. It will invest in the company of AECC Aegis Advanced Protective. Its actual controller is Aero Engine Corporation of China. AECC Aegis Advanced Protective has been engaged in research in the field of new graphene-modified materials for many years, and has quite mature R&D strength, which will accelerate the process of large-scale industrial production of GS’s graphene tire products. The relevant person in charge said that the operating period of the new partnership enterprise is 7 years, and enterprise’s total amount of funds subscribed is RMB 51.5 Million Yuan, of which GS plans to contribute RMB 30 Million Yuan, Hongdou Industry contributes RMB 20 Million Yuan, Hodo Fund contributes RMB 1 Million Yuan, and Yifeng Investment contributes RMB 500,000 Yuan.