Xinlian Integrated Circuit plans to increase capital by RMB 3.85 billion to its holding subsidiary

Xinlian Integrated Circuit Manufacturing Co., Ltd. announced that it will increase the capital of its holding subsidiary Xinlian Pioneer Integrated Circuit Manufacturing (Shaoxing) Co., Ltd. by 3.85 billion yuan. In this capital increase, the company will invest 2.8875 billion yuan, accounting for 75%. After the capital increase, Xinlian Pioneer's registered capital will reach 6.85 billion yuan.