Jiaxing StarPower Microelectronics Co., Ltd. announced that it will receive CNY 1,977,999,800 in an equity round of funding on November 17, 2021. The transaction will include participation from existing investor StarPower Semiconductor Ltd. to retain its 100% stake. Upon closing, the registered capital of the company will increase from CNY 60,000,000 to CNY 2,037,999,800.

The transaction has been approved in the fifteenth meeting of the fourth board of directors and the fifteenth meeting of the fourth board of supervisors.