Shanghai Zhangjiang Semiconductor Industry Park Co., Ltd. announced a placement of common shares for gross proceeds of CNY 1,300,000,000 on June 7, 2023. The transaction will include participation from returning investor, Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. The transaction has been approved in the 18th meeting of Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd.'s eight directorate. Through the transaction, the company's registered capital will increase from CNY 760,000,000 to CNY 2,060,000,000.