Kong Jianping holds roughly 18.98 million ChangXin Technology shares indirectly through a Guangdong Yifang Changda equity investment fund, implying a paper return of about 44 times on a 21.34 million yuan contribution.
Nano Labs founder and investor Kong Jianping indirectly holds about 18.98 million shares in ChangXin Technology through the Guangdong Yifang Changda equity investment fund. Based on ChangXin Technology’s opening price of 49.5 yuan on the day cited, that stake was worth about 940 million yuan. Kong contributed 21.34 million yuan to the fund, implying a paper return of about 44 times. The figures point to a sizable mark-to-market gain from private equity-style exposure to the chipmaker through the fund structure.