Jianghuawei (Zhenjiang) Electronic Materials Co., Ltd. announced that it will issue common shares for gross proceeds of CNY 117,500,000 on March 4, 2022. The proceeds of which CNY 100,000,000 will be used as registered capital. The transaction will include participation from returning investor, Jiangyin Jianghua Microelectronics Materials Co., Ltd. After the capital raise, the registered capital of the company will increase to CNY 300,000,000.

The transaction has been approved at 21st meeting of the 4th board of directors.