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oToBrite Electronics, Inc., successfully listed on TWSE Emerging Board (Fund V)

Dec 8, 2021

The CID Group (“CID”) is pleased to announce that oToBrite Electronics, Inc., (“oToBrite” or “the Company,” Stock Code: 2256:TT), one of CID Greater China Fund V, L.P. portfolio companies, has been successfully listed on TWSE Emerging Board on December 8th, 2021.

Founded quite recently in 2013, oToBrite has been dedicated to developing Driver Safety System (DSS) and Advanced Driver Assistance Systems (ADAS) AI technology related products and applications. Other than collaborating with automaker Luxgen for its AR See-through View function, oToBrite is also Xpeng Inc.’s Tier 1 supplier. Currently, oToBrite is penetrating into markets including Japan, Australia, US, Europe. As of 3Q2021, the Company is in rapid growth stage and booked US$18.8 M revenue with 199% YoY growth.

CID Fund V invested in oToBrite in 2018. Working closely with the Company’s experienced management team, CID assisted the Company in strategic development, marketing strategy, financial and IPO planning. Based on the closing price of the first trading day, oToBrite’s market cap is US$156 M, achieving 3.3x multiple.

91APP Inc., successfully listed on TWSE Emerging Board (Fund IV)

May 25, 2021

The CID Group (“CID”) is delighted to announce that 91APP Inc., (“91APP” or “the Company,” Stock Code: 6741:TT), one of CID Greater China Venture Capital Fund IV, L.P. portfolio companies, has been successfully listed on TWSE Emerging Board on May 25th, 2021.

Founded in 2013, 91APP devoted to providing holistic solutions for companies with different scales and positions including eCommerce companies, brick-and-mortar entrepreneurs, and mega-chain store enterprises. On top of the self-developed comprehensive commerce cloud and marketing cloud systems, its Online-Merger-Offline (OMO) cloud enhances the power circle and stimulates new customer conversion. 91APP is now the leading omnichannel commerce solution provider in Asia offering seamless multi-channel shopping experience for retail consumers. As of 4Q2020, 91APP booked USD 30.7M revenue with 30.8% YoY growth.

CID Fund IV invested USD 2M in 91APP. In addition to 91APP’s robust management team, CID has supported the Company since the investment in 2014 on strategic development, bridging networks and resources, as well as on financing and IPO planning. Based on the closing price of the first trading day, the market cap of 91APP is USD 628M, achieving 11x multiple. Nevertheless, CID's holding will be subject to a 6-month lock-up period.