Yuanjie Semiconductor Technology Co., Ltd announced that it will issue 300,000,000 series A ordinary shares at a price of CNY 1 per share for gross proceeds of CNY 300,000,000 on April 26, 2023. The stocks subscribed by the issuer shall not be transferred within six months from the date of completion of the issuance; It cannot be transferred within eighteen months from the date of issue close. The transaction has been approved by shareholders and board of directors of the company.