Ingenic Semiconductor Co., Ltd announced a private placement of not more than 140,693,217 common shares at the price not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of not more than CNY 1,406,725,600 on April 13, 2021. The transaction will include participation from not more than 35 investors. The transaction has been approved in the 20th Meeting of the Company's 4th Directorate.

The transaction is subject to the approvals of the company's shareholders' meeting, Shenzhen Stock Exchange and the China Securities Regulatory Commission. The shares issued as part of the transaction will not be transferred from 6 months from the date of issue.