Zhonghuan Advanced Semiconductor Materials Co.,Ltd announced that it will receive CNY 1,300,000,000 in an equity round of funding on June 20, 2021. The transaction will include participation from returning investors Tianjin Zhonghuan Semiconductor Co., Ltd., Zhonghuan Hong kong Holding Limited, Wuxi Industry Development Group Co., Ltd. for CNY 390,000,000 each, and Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. for CNY 130,000,000. Post transaction, the investors hold 30%, 30%, 13.33%, and 10% stake respectively in the company.

Pursuant to the transaction, the registered capital of the company will increase from CNY 7,700,000,000 to CNY 9,000,000,000. The transaction has been approved at the 13th meeting of the 4th Board of Directors of the company and by the board of directors of Tianjin Zhonghuan Semiconductor Co., Ltd in its 13th Meeting of its 6th Directorate.