Siasun Semiconductor Completes RMB 400 Million Strategic Financing

In May this year, Siasun Semiconductor completed a strategic financing of RMB 400 million. This financing was implemented by introducing strategic investors through the public listing of Siasun Semiconductor, a wholly-owned subsidiary of Siasun Robot Automation Co., Ltd., on the Beijing Equity Exchange. A total of 9 companies participated in this public listing, including Beijing Integrated Circuit Equipment Industry Investment and Merger Fund (Limited Partnership), National Integrated Circuit Industry Investment Fund Phase II Co., Ltd. and China Micro Semiconductor (Shanghai) Co., Ltd. These companies invested a total of RMB 400 million to obtain the additional registered capital of RMB 80 million of Siasun Semiconductor, and Siasun Robot gave up the priority subscription right for this capital increase.