Suzhou Oudi Semiconductor Technology announced a private placement of common shares for the gross proceeds of CNY 130,000,000 on November 2, 2022. The transaction will include participation from Suzhou Secote Precision Electronic Co.,LTD. The transaction has been approved by the board of directors in the 11th Meeting of the CompanyÆs 3rd Directorate and 11th Meeting of the 3rd Supervisory Board and is subject to approval by shareholders of the company. The registered capital of the company will increase from CNY 10,000,000 to CNY 140,000,000.