Changdian Technology plans to increase capital by RMB 4.5 billion for the development of automotive electronics and other businesses

Changdian Technology plans to increase capital by RMB 4.5 billion to its wholly-owned subsidiary Changdian Technology Management Co., Ltd., mainly for the latter to increase capital in Changdian Technology Automotive Electronics (Shanghai) Co., Ltd. and acquire 80% of the equity of SanDisk Semiconductor (Shanghai) Co., Ltd. This capital increase will help improve the company's industrial layout and consolidate its automotive electronics business and storage and computing electronics business.