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HONG KONG, Aug.12, 2020 /PRNewswire/ — Cogobuy Group (“Cogobuy” or the “Company”, stock code: 400.HK; with its subsidiaries (the ″Group″)) is pleased to announce the Company’s flagship Ingdan Innovations, a platform engaged in chip sales and technology services, has signed a strategic investment agreement with Guangdong Finance Fund Management Co., Ltd. (“Guangdong Finance Fund Management”), making it the leading strategic investor in Ingdan Innovations. The investment supports Ingdan Innovations’ rapid development in the trillion-RMB domestic chip market, and will contribute to the resumption of high growth for the Company’s core business.
Guangdong Finance Fund Management belongs to Guangdong’s largest provincial integrated financial platform, Guangdong Yueong Investment Holding Co., Ltd., with assets under management near 42 billion RMB and focuses on investments in strategic emerging industries, modern services, advanced manufacturing, digital