In July 2021, NRL Capital and its eco-partners signed a 10 billion RMB FoF agreement and held a ceremony to launch the 3 billion RMB S Fund. The FoF fund will focus on covering outstanding fund managers in healthcare, consumer and technology sectors. The S fund aims to build a comprehensive pricing system and diversified trading model to invest in the fund's secondary shares, providing investors with a product that balances liquidity and returns. With the completion of the new fund, NRL Capital will continue to deepen its focus in Healthcare, New Infrastructure & New Manufacturing, Industrial Internet & Enterprise Services and Consumer Tech.

Founded by Mr. Xianghong LIN and Ms. Shuang DENG, NRL Capital is a dual-currency investment and asset management platform that brings together leading international sovereign funds, domestic and international industry leaders and leading financial institutions to create a platform that brings together leading industry resources and long-term capital. NRL Capital is committed to creating a platform that brings together like-minded shareholders, investors, entrepreneurs, fund managers and local resources to form a circle of friends with high mutual trust, build world-class enterprises and create sustainable value for all parties.

As an investment and fund management platform with three interconnected capabilities of primary, direct and secondary investments, NRL Capital has the most experienced FoF and secondary share investment and operation team in the RMB market, and created a professional direct investment team based on a deep industrial background and compounded with rich investment experience. As the next step, NRL Capital will launch direct investment funds to continue to help quality entrepreneurs in the China market and identify potential track leaders. To achieve the vision of changing the world for entrepreneurs, NRL Capital will gather the power of more friends in the ecosystem to forge ahead.