Hi-Trend Microelectronics (Shanghai) Co., Ltd announced that it will receive CNY 100,000,000 in an equity round of funding on October 27, 2022. The transaction will include participation from returning investor Hi-Trend Technology (Shanghai) Co., Ltd., which will retain its existing stake of 100%. The transaction has been approved by the board of directors of the investors in its fourth meeting of the fifth session of the Board of Directors and the fourth meeting of the fifth session of the Supervisory Committee and is subject to shareholder approval in its general meeting of shareholders.