Xiamen Silan Jike Microelectronics Co., Ltd. announced that it has entered into capital increase agreement for a private placement of common shares for gross proceeds of CNY 885,000,000 on February 22, 2022. The transaction will include participation from returning investors Hangzhou Silan Microelectronics Co., Ltd for CNY 285,000,000 and new investor National Integrated Circuit Industry Investment Fund Phase II Co., Ltd., a fund managed by Huaxin Investment Management Co., Ltd. for CNY 600,000,000. As a result, company's registered capital will increase from CNY 3,000,490,000 to CNY 3,827,953,681. The transaction has to be reviewed and approved at the general meeting of shareholders of Hangzhou Silan Microelectronics Co., Ltd and internal authorities of Da Fund Phase II. Upon completion, Hangzhou Silan Microelectronics Co., Ltd will continue to hold 18.719% and Huaxin Investment Management Co., Ltd. will continue to hold 14.655% stake in the company. Of the total, CNY 827,463,681 will go to registered capital and remaining will go to capital reserve.

On March 9, 2022, the transaction has been approved by shareholders in the 1st special shareholders meeting for 2022 of investor.