Saijing Technology's subsidiary Saijing Semiconductor plans to increase capital and expand shares and introduce investors

Saijing Technology announced that its subsidiary Saijing Semiconductor plans to increase capital and introduce new investors, including five institutions such as TBEA. These investors will subscribe to the new registered capital of Saijing Semiconductor for a total of RMB 103.95 million. After the transaction is completed, the investors will hold approximately 4.94% of the equity of Saijing Semiconductor, but Saijing Technology will still maintain control over Saijing Semiconductor. This financing will provide funds for the operation and development of Saijing Semiconductor, while helping its research and development and production in the semiconductor field and enhancing its market competitiveness.