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 50 million on September 3, 2021. The company will take CNY 8,939,189 as registered capital and remaining as capital reserve. pre-transaction investors hold 45%, 37.91%, 26.54%, 24.18% and 11.37% stake respectively.

post transaction investors hold approximately 10%, 34.12%, 23.88%, 21.76%, 10.24% and 10.00% 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.