Wuxi V-Test Semiconductor Tech. Co., Ltd. announced a placement of common shares for gross proceeds of CNY 150,000,000 on November 11, 2022. The transaction will include participation from returning investor, Shanghai V-Test Semiconductor Tech.

Co., Ltd. The registered capital of the company will increase from CNY 280,000,000 to CNY 430,000,000. The transaction has been approved in the 17th meeting of Shanghai V-Test Semiconductor Tech. Co., Ltd.'s 1st directorate and the 8th meeting of the 1st supervisory board and is subject to the shareholders?

approval.