Changsha Jingjia Microelectronics Co., Ltd. announced a private placement of not more than 136,550,000 A shares for the gross proceeds of not more than CNY 4,200,729,981 on May 31, 2023. The issue price is not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors.

All securities issued in the transaction have a hold period of six months from the issuance closing date. The transaction has been approved in the 16th Meeting of the company?s 4th Directorate, and is subject to the approvals of the company?s Shareholders, the State Administration of Science, Technology and Industry for National Defense, PRC, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.