Shanghai Core-stone Semiconductor Co., Ltd. announced that it will issue 2,845,500 common shares at a issue price of CNY 24.35 for gross proceeds of CNY 69,287,925 on January 15, 2021. The company entered in to subscription agreement with the new investor Shenzhen Yitoa Intelligent Control Co.,Ltd. (SZSE:300131) for 16.5% of share capital of 17,245,500 shares post trnsaction. The transaction is subjected to share holders approval of the investor.