The Russia-China Venture Fund (RCVF), the fund established in partnership between the Russia-China Investment Fund (RCIF) and the leading Chinese innovation-focused company Tus-Holdings, announces its first project. RCVF has agreed key terms of investment in Rusalox, a company producing innovative thermal conductive substrates.

1. RCVF announce their first investment to support the Russian substrate
producer Rusalox
Moscow, June 5, 2019 - The Russia-China Venture Fund (RCVF), the fund
established in partnership between the Russia-China Investment Fund (RCIF) and the
leading Chinese innovation-focused company Tus-Holdings, announces its first
project. RCVF has agreed key terms of investment in Rusalox, a company producing
innovative thermal conductive substrates.
Rusalox specializes in the production of printed circuit boards and modules with high
thermal conductivity. The production process is based on company’s unique
innovative technology that ensures high cooling efficiency for any heat-generating
electronic components.
The funds will be used to implement Rusalox’s business development strategy across
the Russian and Chinese markets, including investments in the expansion of
production capacity.
RCVF is also considering a number of other projects including artificial intelligence,
next-generation oil and gas equipment, industrial robots and innovative materials.
Kirill Dmitriev, CEO of RDIF and Co-CEO ofRCIF, said:
“Rusalox holds great potential for successful development in international markets
and in the Chinese market in particular. With RCVF’s support, the company can raise
its competitiveness through developing its production capabilities and the innovative
features for its products across a number of industries, including high-speed railway,
electric vehicles, etc. RCVF will continue to support promising Russian producers in
the future”.
Efim Besprozvanny, CEO of Rusalox, said:
“We are very pleased with such a high evaluation of our products by RCVF. We
believe in high potential of our products in the Russian and international markets,
especially in the largest market of China. We are confident that with the help of our
institutional investors we will be able to realize this potential.”
Jiwu Wang, Chairman of Tus-Holdings Co., Ltd., noted:
«We believe Rusalox has a strong potential for development in China. Thanks to
RCVF’s investment, Rusalox has obtained an access to a customer base in China,

2. some of these potential clients are world-class giants. With the deepening cooperation
between Rusalox and RCVF, Russia-dedicated team of Tus Science and Technology
Services will make great efforts to help the Company in development its business on
Chinese markets».
***
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund
established in 2011 to make equity co-investments, primarily in Russia, alongside
reputable international financial and strategic investors. RDIF acts as a catalyst for
direct investment in the Russian economy. RDIF’s management company is based in
Moscow. Currently, RDIF has experience of the successful joint implementation of
more than 70 projects with foreign partners totaling more than RUB 1.5tn and
covering 95% of the regions of the Russian Federation. RDIF portfolio companies
employ more than 700,000 people and generate revenues which equate to more than
5% of Russia’s GDP. RDIF established joint strategic partnerships with leading
international co-investors from more than 15 countries that total more than $40bn.
Further information can be found at www.rdif.ru
Russia-China Investment Fund (RCIF) is a joint fund established by the Russian
Direct Investment Fund and China Investment Corporation (CIC). The activity of
RCIF is aimed at development of bilateral economic, trade and investment relations
between Russia and China. Further information can be found at www.rcif.com
Tus-Holdings Co., Ltd., set up on July 24, 2000, is the former Tsinghua University
Science Park (TusPark) Development Center founded in August 1994. Tus-Holdings
is a large integrated enterprise established in reliance on Tsinghua University. It takes
full responsibility for developing, constructing, operating and managing TusPark. It is
the controlling shareholder or shareholder of over 800 listed & non-listed enterprises,
including Tus-Guhan Group Co., Ltd., Tus-Sound Environmental Resources Co., Ltd,
21Vianet Group, Inc., ChineseAll, TUS International Limited, SZ Hanbang
Technology Co., Ltd, Gigadevice, Guangzhou TuWei Technology Co.,Ltd, CICTE
BIOREM and Tus-Design Group. And the total assets under its management have
exceeded RMB 200 bn. As the flagship product of Tus-Holdings, TusPark (Beijing)
is currently the largest single university science park in the world, with building area
of 770,000 square meters, and more than 1500 enterprises having been settled in the
park. TusPark has become a gathering place for multi-national corporation R&D
headquarters, China technology enterprise headquarters as well as innovation

3. enterprises. It has become a famous brand in China and even in the global science
park industry. Further information can be found at http://en.tusholdings.com/
Rusalox LLC is a high-tech developer and manufacturer of high thermal conductive
printed circuit boards and substrates, backed by JSC RUSNANO. Rusalox aluminum
oxide printed circuit boards and substrates provide effective heat dissipation for heat-
emitting electronic components, particularly, for crystals in the LED industry and
power electronics. Rusalox products substitute for expensive ceramics. Further
information can be found at www.rusalox.ru
For additional information contact:
Arseniy Palagin Maria Shiryaevskaya/ Andrew Leach
Russian Direct Investment Fund Hudson Sandler
Press Secretary Tel: +44 (0) 20 7796 4133
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail: arseniy.palagin@rdif.ru