Hangzhou Silan Integrated Circuit Co., Ltd. announced an equity private placement for gross proceeds of CNY 100 million on February 6, 2018. The transaction will include participation from existing investor Hangzhou Silan Microelectronics Co., Ltd (SHSE:600460). Post the closing, the registered capital will increase from CNY 500 million to CNY 600 million. The transaction has been approved in the 17th meeting of 6th directorate of the investor.