Longnan Champion Asia Precision Circuit Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 183,912,100 on September 17, 2021. The transaction will include participation from returning investor Guangdong Champion Asia Electronics Co.,Ltd. As a result, company's registered capital will increase from CNY 150,000,000 to CNY 200,000,000, and the remaining will be Included in the capital reserve. The company will remain a wholly-owned subsidiary of the investor. The capital increase will be paid in installments. The transaction has been approved at the 35th meeting of the 2nd board of directors and the 33rd meeting of the 2nd board of supervisors. The transaction is within the deliberation authority of the company’s board of directors and does not need to be submitted to the company’s shareholders.