JRH Microelectronics (Quzhou) Co., Ltd. announced that it will receive CNY 1,130 million in an equity round of funding through capital increase from retuning investor Hangzhou Lion Electronics Co.,Ltd on January 11, 2023. The CNY 941.66 million is used for newly added registered capital, and CNY 188.34 million is included in the capital reserve. The transaction has been approved at 16th meeting of the fourth board of directors and the thirteenth meeting of the fourth board of supervisors.