Hangzhou Silan Jixin Microelectronics Co., Ltd. announced that it will raise CNY 530,987,701.65 in an equity round of funding on December 22, 2021. The transaction included participation from returning investor Hangzhou Silan Microelectronics Co., Ltd, who holds 26.67% stake, before the transaction. The transaction was approved by the investor in its 30th meeting of the seventh board of directors.

After the capital increase is completed, the registered capital will be changed from CNY 1,962,379,412 to CNY 2,248,328,735. The company will use CNY 285,949,323 for registered capital and rest for capital reserve. post transaction the investors stake will be increased to 36%.