Eta Semiconductor Technology (Shanghai) Co., Ltd. announced that it has entered into a capital purchase agreement with returning investors Beijing Beida Jade Bird Universal Sci-Tech Company Limited, individual investors Link Yiu, Li Qiming, Shanghai Shengjin, and Troy Jonathan Baker for gross proceeds of CNY 100 million on July 7, 2022. The company will take CNY 14,903,862.95 as registered capital and remaining as capital reserve. Pre-transaction investors hold 10%, 35.12%, 23.88%, 21.76%, and 10.24% stake respectively, post transaction investors hold approximately 22.861%, 29.244%, 20.471%, 18.651%, and 8.773% respectively.

The transaction was approved by the board of directors of the investor Beijing Beida Jade Bird Universal Sci-Tech Company Limited and subjected to shareholders approval.