Jianghuawei (Zhenjiang) Electronic Materials Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 500,000,000 on August 1, 2023. The transaction will include participation from returning investor, Jiangyin Jianghua Microelectronics Materials Co., Ltd. After the completion of this capital increase CNY 277,777,951 will be added to the registered capital, and CNY 222,222,049 to capital reserve. The equity stake of the investor will increase from 60% to 74.29% in the company.

The company's registered capital will increases from CNY 500,000,000 to CNY 777,777,951. The capital increase of the company has been reviewed and approved at the sixth meeting of the fifth board of directors of the investor and need to be submitted to the company's shareholders' meeting for approval. The transaction needs to be approved by the state-owned assets supervision and administration department before it can be implemented.