Shanghai Bright Power Semiconductor Co., Ltd. announced a private placement of shares on July 2, 2021. The transaction will include participation from not more than 35 special investors. The number of shares to be issued with the matching funds raised in this time does not exceed 30% of the total share capital of the company before the transaction, and the total amount of matching funds raised in this transaction does not exceed 100% of the transaction price for the purchase of assets by issuing shares in this transaction. The shares carries the lock-up period of 6 months. The transaction has been approved in the 13th meeting of the second board of supervisors and it needs to be reviewed by the Shanghai Stock Exchange and registered with the China Securities Regulatory Commission.