Ji'an Shengyi Electronics Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 700 million on January 21, 2022. The transaction included participation from returning investor Shengyi Electronics Co., Ltd. The transaction was approved at the 21st meeting of the second board of directors and the 15th meeting of the second board of supervisors of Shengyi Electronics Co., Ltd. Post the closing, the registered capital will increase from CNY 800 million to CNY 1,500 million.