Jiejie Microelectronics (Nantong) Technology Co., Ltd. announced an equity round of funding for total gross proceeds of CNY 230,000,000 on April 25, 2022. The transaction will include participation form returning investor Jiangsu JieJie Microelectronics Co.,Ltd. to maintain 61.31% stake at the time of closing. After the completion of the transaction, the registered capital of the company will increase from CNY 1,450,000,000 to CNY 1,680,000,000.

The transaction has been approved by twenty-second meeting of the fourth session of the board of directors of the investor and does not need to be submitted to the company's general meeting of shareholders for deliberation.