Shanghai Institute of Integrated Circuit Materials Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 400,000,000 on May 30, 2023. The transaction will involve participation from existing investors, Shanghai Xinwei Technology Group Limited which will subscribe for CNY 127,000,000 and its stake in the company will change from 25.5% stake to 29.5431% stake; National Silicon Industry Group Co., Ltd. for CNY 125,000,000 and its stake in the company will change from 25% stake to 29.0431% stake; Shanghai Jiading Industrial Zone Development (Group) Co.,Ltd. for CNY 50,000,000 and its stake in the company will change from 25% stake to 16.9138% stake; Shanghai Guosheng Group Co., Ltd. for CNY 98,000,000 and it will retain its stake of 24.5% stake in the company. Out of the total amount received, the company will receive CNY 366,401,026 in its registered capital and rest will go in its capital reserve.

Post-closing of the transaction, the registered capital of the company will increase from CNY 200,000,000 to CNY 566,401,026. Out of the money received in registered capital, Shanghai Xinwei Technology Group Limited will subscribe for CNY 116,332,326, National Silicon Industry Group Co., Ltd. will subscribe for CNY 114,500,321, Shanghai Jiading Industrial Zone Development (Group) Co.,Ltd. will subscribe for CNY 45,800,128 and Shanghai Guosheng Group Co., Ltd. will subscribe for CNY 89,768,251. The transaction was reviewed and approved at the eleventh meeting of the second board of directors of National Silicon Industry Group Co., Ltd. The transaction still need to be submitted to the general meeting of shareholders of National Silicon Industry Group Co., Ltd.