Tianma Microelectronics Co., Ltd. announced a private placement of not more than 737,324,298 A shares for gross proceeds of not more than CNY 7,800,000,000 on September 16, 2022. The transaction includes participation from not more than 35 investors, including AVIC International Industrial Holdings Co., Ltd for CNY 980,000,000. The shares have a holding period of 36 months from the issuance closing date.

The transaction has been approved by board of directors of the company in the 4th Meeting of the Company’s 10th Directorate, and is subject to the approvals of the Company’s Shareholders and the China Securities Regulatory Commission.