Shanghai Jingce Semiconductor Technology Co., Ltd. announced that it has signed an agreement to issue common shares for gross proceeds of CNY 843,883,333.2 on August 25, 2023. The transaction will include participation from new investors, National Integrated Circuit Industry Investment Fund Phase II Co., Ltd., a fund managed by Huaxin Investment Management Co., Ltd., an investment arm by investing CNY 120,000,000, Shanghai JIngxin Management Consulting Partnership Enterprise (Limited Partnership) by investing CNY 68,151,779, Shanghai JIngxuan Management Consulting Partnership Enterprise (Limited Partnership) by investing CNY 55,731,554, Wuhan Keyi Enterprise Management Consulting Partnership Enterprise (Limited Partnership) by investing CNY 90,000,000, Shanghai Semiconductor Equipment Materials Industry Investment Fund Partnership Enterprise (L.P.), a fund managed by Shanghai Semiconductor Equipment & Material Industry Investment Management Co., Ltd., an investment arm by investing CNY 60,000,000, Shanghai Qingpu Investment Co., Ltd. by investing CNY 60,000,000, returning investor, Wuhan Jingce Electronic Group Co.,Ltd by investing CNY 300,000,000, individual investors, Liu Ruilin by investing CNY 18,000,000, Peng Qian by investing CNY 54,000,000, Ma Jun by investing CNY 18,000,000. The company's registered capital will increase from CNY 1,369,416,666 to CNY 2,072,652,777.

The transaction has been approved by the 4th directorate during its 26th meeting and 4th supervisory board during its 20th meeting.