Jiejie Microelectronics (Nantong) Technology Co., Ltd. announced that it will receive CNY 600 million in an equity round of funding on December 31, 2020. The transaction will include participation from returning investor Jiangsu JieJie Microelectronics Co.,Ltd. (SZSE:300623). The transaction has been approved by fifth meeting of the fourth board of directors and the fifth meeting of the fourth board of supervisors of the investor. Post-closing of the transaction, the registered capital of the company will be increased from CNY 200 million to CNY 800 million and investor will retain 100% stake in the company.