Beijing Saiji International Technology Co., Ltd. announced a private placement to issue 608,063,713 common shares at a issue price of CNY 1.0045 for gross proceeds of CNY 610,800,000 on July 20, 2023. The transaction will include participation from returning investor Sai MicroElectronics Inc. for CNY 610,800,000. The company will issue common shares in the transaction.

The registered capital of the company will increase from CNY 271,940,529.66 to CNY 880,000,000. The transaction has been approved in the 37th Meeting of the company?s 4th Directorate and the 27th Meeting of the 4th Supervisory Board, and does not need the Shareholders? Approval.