Sunking Asia Pacific Semiconductor Completes Series A Financing

The company's holding subsidiary, Saijing Asia Pacific Semiconductor Technology (Zhejiang) Co., Ltd. ("Saijing Semiconductor"), has completed its Series A financing. The valuation of this financing is RMB 2.72 billion after the investment. Four investors, Tianjin Anjing Enterprise Management Consulting Partnership (Limited Partnership), Wuxi Hebed Runyu Venture Capital Partnership (Limited Partnership), Wuxi Hebed Haoyu Venture Capital Partnership (Limited Partnership), and Suzhou Yahe Xingheng Venture Capital Partnership (Limited Partnership), have invested a total of RMB 160 million, accounting for 5.88% of the shares. After this financing, Saijing Technology holds 70.53% of the shares.