Wuxi Xichanweixin Semiconductor CO., Ltd. announced a capital increase agreement for CNY 5,000,000,000 on May 5, 2022. The transaction will include participation from returning investors Wuxi Taiji Industry Limited Corporation for CNY 374,863,500, Weifu High-Technology Group Co., Ltd. for CNY 392,742,700, Wuxi Sipake Microelectronic Partnership Enterprise (Limited Partnership) for CNY 300,000,000, Wuxi High-Tech Zone New Energy Industry Development Fund (L.P.), a fund managed by the Wuxi Xintou Jinshi Venture Capital Management Co., Ltd for CNY 194,931,800, Zhongke Tuling Phase 2 (Qingdao) Equity Investment Partnership Enterprise (Limited Partnership) for CNY 69,700,000, new investors Zhoushan Hunpu Huixin Phase 1 Equity Investment Partnership Enterprise (Limited Partnership) for CNY 300,000,000, Yancheng Economic and Technological Development Zone East Hunpu Semiconductor Industrial Investment for CNY 50,000,000, Qingdao Hunpu Zhixin Phase 1 Private Equity Investment Partnership Enterprise (Limited Partnership) for CNY 100,200,000, Qingdao Hunpu Baotuo Private Equity Investment Partnership Enterprise (Limited Partnership) for CNY 57,300,000, Wuxi Sumin Hunpu Tongxin Private Equity Investment Partnership Enterprise (Limited Partnership) for CNY 140,000,000, Suqian Hunpu Phase 7 Integrated Circuit Industrial Fund (Limited Partnership) for CNY 26,000,000, Zhongke Tuling Phase 3 (Qingdao) Equity Investment Partnership Enterprise (Limited Partnership) for CNY 127,200,000, Zhongke Tuling Phase 9 (Qingdao) Equity Investment Partnership Enterprise (Limited Partnership) for CNY 260,500,000, Gongqingcheng Zhongke Tuling Phase 16 Investment Partnership Enterprise (Limited Partnership) for CNY 500,000,000, Suzhou Zhongke Tuling Equity Investment Partnership Enterprise (Limited Partnership) for CNY 196,800,000, and Tuling Phase 19 Investment Partnership Enterprise (Limited Partnership) for CNY 98,762,000. After the completion of transaction, the registered of the company will increase from CNY 2,565,000,000 to CNY 3,279,285,714.

The transaction was approved by the board of directors at 9th board of directors held its 32nd meeting of Wuxi Taiji Industry Limited Corporation and no need to submit the proposal to shareholders' meeting.