Jiangyin Jianghua Microelectronics Materials Co., Ltd entered into a share subscription agreement with Zibo Xingheng Tusong Holdings Co., Ltd for not more than 34,739,454 shares at a price of CNY 20.15 per share for gross proceeds of not more than CNY 700,000,000 on November 18, 2021. Th. e shares cannot be transferred within 18 months from the issuance closing date. The transaction has been approved in the 18th meeting of the company's 4th directorate and the 15th meeting of the 4th supervisory board, and is subject to the approvals of the company's shareholders, the supervising and managing state-owned assets, and the China Securities Regulatory Commission, and the State Administration for Market Regulation's Review on Business Concentration Anti-monopoly.

On February 25, 2022, the company announced that it has received China Securities Regulatory Commission Administrative license application receipt under acceptance No. 220313