Chengdu Yuehai Gold Semiconductor Materials Co., Ltd announced that private placement of gross proceeds for CNY 50 million on August 4, 2023. The transaction included the participation from new investor Beijing Comens New Materials Co.,Ltd. The registered capital of CNY 7.705 million corresponds to 4.2735% of the company's equity after this transaction, and the remaining CNY 42.295 million will enter the company's capital reserve. Before the completion of this transaction, the valuation was CNY 1,120 million and after the completion of this transaction, the valuation was CNY 1,170 million.

After the capital increase is completed, the company will hold 7,705,000 shares and hold shareholding ratio of 4.2735%. The company held the transaction has been approved on the eighth meeting of the fifth board of directors and the eighth meeting of the fifth board of supervisors and also does not need to be submitted to the general meeting of shareholders for consideration. The company's registered capital will increase from CNY 172.592 million to CNY 180.297 million.

After the prerequisites for the payment of the capital increase are met, the investor shall pay the capital increase in one lump sum to the target company?s account within 10 working days from the date of signing and completion of this agreement.