Henan Tianxuan Semiconductor Technology Co., Ltd. announced that it will receive CNY 100,000,000 in an equity round of funding on May 17, 2022. The transaction will include participation from new investor SF Diamond Co.,Ltd. for proceeds of CNY 92,250,000 to acquire 46.125% stake, and returning investor Gongqingcheng Xingda Investment Partnership (Limited Partnership) for CNY 7,750,000. Post closing, the registered capital of the company will increase from CNY 30,000,000 to CNY 60,000,000, and the stake of Gongqingcheng Xingda Investment Partnership (Limited Partnership) in the company will change from 20% to 13.8750%.

The transaction has been approved the 12th session of the 5th directorate and the 11th session of the 5th supervisory board of SF Diamond Co.,Ltd., and is subject to its shareholders' approval.