Shandong Duofang Semiconductor Co., Ltd. announced that it will raise CNY 171,219,800 in an equity round of funding on December 9, 2022. The transaction includes participation from returning investor Sansec Technology Co., Ltd. The transaction was approved by the board of directors in its 14th meeting of the first board of directors and the 9th meeting of the first board. The company's registered capital will increase from CNY 40,000,000 to CNY 211,219,800 after completion of the transaction.