Follow on Investment of US$14.2 million in Aofeng

AIF Capital is pleased to announce the follow-on investment of US$14.2 million by AIF Capital Asia IV in Aofeng Hi-Tech Co., Ltd. (“Aofeng”), formerly Aosheng Hi-Tech Co., Ltd in March 2018.

Founded in 2002 in Jiangsu Province in China, Aofeng is one of the largest carbon fiber composites producers in China. Its high quality products have wide downstream applications in infrastructure reinforcement, medical equipment, 3C (computer, communications, consumer electronics) products, wind power and automotive segments. The company features a diversified base of blue-chip customers in China, Europe, the U.S., and South Asia.

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