Beijing Shimo Microelectronics Co., Ltd. announced that it has entered into agreement for a private placement of common shares for gross proceeds of CNY 22,500,000 in a round of funding on February 22, 2021. The transaction will involve participation from new investors Yiwu Huaxin Vision Venture Capital Center (Limited Partnership) for CNY 11,500,000 of which CNY 132,353 will be added to the new registered capital, 3Peak Incorporated (SHSE:688536) for CNY 7,500,000 of which CNY 88,235 will be added to the new registered capital, and Unlimited Qihang Venture Capital (Tianjin) Partnership (Limited Partnership) for CNY 3,750,000 of which CNY 44,118 will be added to the new registered capital, and will acquire 7.5%, 5% and 2.5% stake in the company respectively. The transaction has been approved at the 17th meeting of the second board of directors of 3Peak Incorporated (SHSE:688536) and the 12th meeting of the second board of supervisors and is not subject to it's shareholders meeting to review.