Shanghai KINGSEMI Enterprise Development Co., Ltd. announced that it will CNY 250 million in an equity round of funding from returning investor KINGSEMI Co., Ltd. on June 27, 2022. After the capital increase is completed, the registered capital of the company will increase from CNY 50 million to CNY 300 million. The transaction has been approved at the fourth meeting of the second board of directors and the fourth meeting of the second board of supervisors and does not need to be submitted to the company's general meeting of shareholders for consideration.