Jingfeng Xinchi (Shanghai) Semiconductor Technology Co., Ltd. announced that it will receive CNY 100 million in equity funding on April 23, 2024. The transaction included participation from returning investors Ningbo Jingfeng Gongcheng Business Services Partnership (Limited Partnership) for CNY 8,000,000 holds 8% stake post completion, Ningbo Jingfeng Tongchuang Enterprise Management Consulting Partnership (Limited Partnership) for CNY 13,000,000 holds 16% stake post completion, Konfoong Materials International Co., Ltd for CNY 51,000,000 holds 51% stake post completion, Beijing Jiangfeng Tongchuang Semiconductor Industry Fund (Limited Partnership) for CNY 9,000,000 holds 9% stake post completion, Yu Shengjie for CNY 3,000,000 holds 3% stake post completion, Gao Yan for CNY 3,000,000 holds 3% stake post completion and new investor Fei Lei for CNY 13,000,000 holds 10% stake post completion. The transaction had been reviewed and approved in the Company?s 5th meeting of the 4th board of directors.