Xiamen Silan Ming Gallium Compound Semiconductor Co., Ltd. announced that it will receive CNY 1,200 million in an equity round of funding on August 28, 2023. The transaction will include participation from returning investors, Hangzhou Silan Microelectronics Co.,Ltd by investing CNY 750 million, new investors, National Integrated Circuit Industry Investment Fund Phase II Co., Ltd., a fund managed by Huaxin Investment Management Co., Ltd., by investing CNY 350 million and Xiamen Haichuang Development Fund Partnership (Limited Partnership) by investing CNY 100 million. The transaction was approved at the 10th meeting of the 8th board of directors of Hangzhou Silan Microelectronics Co.,Ltd. Out of total capital increase, CNY 1,190.0129 million will go to registered capital and CNY 9.9871 million will go to capital reserve. After the capital increase, registered capital of the company will grow from CNY 1,270.37 million to CNY 2,460.38289196 million.

On September 13, 2023, the transaction got approved by Hangzhou Silan Microelectronics Co., Ltd.'s 2nd special shareholders? meeting for 2023.