Jenny Wang

HSG, formerly known as Sequoia China, is a leading venture capital and private equity firm investing globally across technology, healthcare, and consumer sectors. With offices in Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and Singapore, HSG manages over USD 61 billion in assets for institutional investors, as of April 30, 2026. Since our founding in 2005, we have backed more than 1,700 companies led by entrepreneurs building transformative technologies and category-defining businesses. To date, more than 180 HSG portfolio companies have gone public, and over 140 have reached unicorn status. For more information, please visit www.hsgcap.com.

HSG, formerly known as Sequoia China, is a leading venture capital and private equity firm investing globally across technology, healthcare, and consumer sectors. With offices in Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and Singapore, HSG manages over USD 61 billion in assets for institutional investors, as of April 30, 2026. Since our founding in 2005, we have backed more than 1,700 companies led by entrepreneurs building transformative technologies and category-defining businesses. To date, more than 180 HSG portfolio companies have gone public, and over 140 have reached unicorn status. For more information, please visit www.hsgcap.com.

Lighthouse Capital is a leading investment banking and asset management firm in China that is committed to facilitating industrial development and upgrading through capital services and ecosystem development. We deliver first-class financial services to clients both in China and globally across all major industry sectors. Our capabilities are centered around two pillar businesses: investment banking advisory and asset management. Headquartered in Shanghai, we also have offices in Beijing, Shenzhen, Hong Kong, and Singapore. Founded in 2014, Lighthouse has emerged as a premier financial advisor with expert capabilities in venture capital and private equity financing, mergers and acquisitions, securities underwriting, industry development advisory, and structured finance. As of 2023, we have successfully completed over 340 transactions for more than 210 startups, accumulating a transaction volume exceeding $35 billion. Among those clients over 50 startups have grown into unicorns or gone public, such as Bilibili (NASDAQ: BILI), Kuaishou (HKEX: 1024), Zhihu (NYSE: ZH), Lalamove, Dewu, ESWIN, etc. Lighthouse’s asset management business currently manages multiple USD and RMB funds and SPVs, with an AUM of over $400 million. Leveraging our high-quality cross-sector resources, profound industry research, and value judgement from our industry-leading investment banking team, Lighthouse excels in identifying top tier companies and grow with Chinas outstanding entrepreneurs, bringing long-term and sustainable returns as well as mutual benefits to LPs. As of 2023, our investment portfolios encompass an array of transformative companies, including Dewu, Lalamove, Soul, FlashEx, AfterShip, GCL Optoelectronic Material, ranging from cutting-edge technology to innovative and disruptive business models.