Ruili Integrated Circuit Co., Ltd. announced a private placement of 225,326,723.749 shares at a price of CNY 2.219 per share for gross proceeds of CNY 500,000,001 on September 3, 2021. The transaction will include participation from existing investor GigaDevice Semiconductor (Beijing) Inc. After the completion of this capital increase, the company holds approximately 1.26% equity of the company. The transaction has been approved at the 29th meeting of the third board of directors and the 27th meeting of the third board of supervisors of the company.

The company will include CNY 225,326,723.75 as registered capital and CNY 274,673,276.25 in capital reserve.