Huizhou Champion Asia Precision Circuit Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 99 million on March 28, 2022. The transaction included participation from returning investor Guangdong Champion Asia Electronics Co.,Ltd. The transaction has been approved at the second meeting of the third board of directors of Guangdong Champion Asia Electronics Co.,Ltd. Post closing of the transaction, the registered capital of the company will increase from CNY 1 million to CNY 100 million.