Silead Inc. announced that it will receive CNY 100 million in a round of funding on August 25, 2020. The transaction will include participation from returning investor GigaDevice Semiconductor (Beijing) Inc. (SHSE:603986). The transaction has been approved by the 17th meeting of the third board of directors and the 15th meeting of the third board of supervisors of GigaDevice Semiconductor (Beijing) Inc. (SHSE:603986). The transaction does not require the approval of GigaDevice Semiconductor (Beijing) Inc. (SHSE:603986)'s shareholders meeting. After the completion of the transaction, CNY 30 million will go into registered capital and CNY 70 million will go into capital reserve.