Selected

2022-07-27

Everbright was impressed by Simbury’s Talent Pool and State-of-the-art Immersive Technology

On 27 July 2022, Friday, Mingao Zhang, Executive Director and President, China Everbright Limited, led investment team to visit Simbury at China Everbright Innovation Centre (CEBIC) in Hong Kong Science Park (HKSTP).

During the visit, Mr. Zhang and team were impressed by Dr. Meikei Ieong, Chairman, Simbury, for his remarkable achievements in the global semiconductor industry and learned future trend of the integrated circuit industry. Dr. Ieong demonstrated the naked-eye 3D display which applies Simbury’s SoC solution – Xtra3DTM, a real-time 2D-to-3D conversion with patented algorithm. Mr. Zhang also visited other start-ups in the centre and encouraged entrepreneurs to start small, dream big.

China Everbright Limited (Everbright, stock code: 165.HK) was established in Hong Kong in 1997 with over 25 years’ experience in cross-border asset management and venture capital investments. Globally, Everbright has invested in a total of over 300 companies, and more than half of the invested companies have been listed in China and overseas or used to be listed but have been withdrawn due to mergers and acquisitions.

In Hong Kong, Everbright has created a new investment fund focusing on investing companies with deep-tech in the field of semiconductor, metaverse and artificial intelligence. Furthermore, CEBIC, jointly established by Everbright and HKSTP in 2019, is Everbright’s first technology innovation centre in Hong Kong.  It is an ideal cradle for nurturing brilliant start-ups potentially to be invested by Everbright.

“We believe Hong Kong has a great potential to grow as the most innovative hub in the world. It is a place that attracts world-class talents to come and contribute with their valuable experience. We found that Simbury is one of the best examples.” said Mr. Zhang.

With deep appreciation to Everbright’s great support, Simbury will stay true to its original aspirations of ‘Tech for good’ with its solid semiconductor experience and excellent business acumen to continuously deliver the value to shareholders and the society.

(Third to sixth from left) Carrie Fan, Investment Director, China Everbright Limited; Yizhe Wang, Managing Director, China Everbright Limited; Dr. Meikei Ieong, Chairman, Simbury Limited; Mingao Zhang, Executive Director and President, China Everbright Limited; And other start-ups teams.

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