Shenzhen E-Mantech Co., Ltd. announced that it has entered into an capital increase agreement with new investor Shanghai Yct Electronics Group Co.,Ltd for a private placement of common shares for gross proceeds of CNY 40 million on January 7, 2022. The transaction has been approved in the twelfth meeting of the first board of directors and the tenth meeting of the first board of supervisors of the investor. Post the transaction and the simultaneous equity transfer transaction, the investor will hold 55% stake in the company.