Chengdu Silan Semiconductor Manufacturing Co., Ltd announced a private placement of CNY 100,000,000 on January 23, 2018. The transaction will involve participation from existing investor, Hangzhou Silan Microelectronics Co., Ltd (SHSE:600460). The company will issue common stock in the transaction. Pursuant to the transaction, the registered capital of the company will increase from CNY 600,000,000 to CNY 700,000,000. The transaction has been approved in the 16th meeting of 6th directorate of the investor.