Yandong Micro released a plan to raise funds through a private placement and plans to build a 12-inch integrated circuit production line

Beijing Yandong Microelectronics plans to issue no more than 225,083,986 new shares to specific targets, and the total amount of funds raised will not exceed RMB 402,000.00 million, mainly for investment in Nortel Integrated 12-inch integrated circuit production line project and to supplement the company's working capital. The total investment amount of the production line project is as high as RMB 33 billion, jointly funded by Yandong Microelectronics, Beijing Electric Control, BOE, Yizhuang State Investment, Beijing State Management, China Development Fund, Yizhuang Technology, and Guoxin Juyuan.