Shenzhen Zhenhua Microelectronics Co Ltd. announced that it will receive CNY 165.3712 million in equity round of funding on October 26, 2022. The transaction will include participation from returning investor China Zhenhua (Group) Science & Technology Co., Ltd for 89.54% stake, currently owns 87.53% stake. After the completion of the transaction, the registered capital of the company will increase from CNY 68.1 million to CNY 81.2 million, of which CNY 13.1 million will be used as the newly added registered capital and CNY 152.2712 million will be included in the capital reserve.

China Zhenhua (Group) Xinyun Electronic Components Co., Ltd. will not participate in the transaction and its stake will be reduce to 10.46% upon completion. The transaction has been approved in the tenth meeting of the ninth board of directors, board of supervisors also agreed to increase the capital and does not need to be submitted to the general meeting of shareholders for deliberation.