HuangShan Chipmicro Electronics Co.Ltd.. announced that it will receive CNY 31,605,000 in an equity round of funding on December 3, 2020. The issue price of share will be CNY 9.8 per share.

The transaction will include participation from Shenzhen Huaqiang Industry Co., Ltd. (SZSE:000062) for CNY 24,310,125 of which CNY 2,480,625 will go to registered capital and CNY 21,829,500 will go to capital reserve, existing investor Shenzhen Qianhai Blue Point Electronic Information Industry Equity Investment Partnership for CNY 7,294,875 of which CNY 744,375 will go to registered capital and CNY 6,550,500 will go to capital reserve, and other investors. Post-completion of the transaction, Shenzhen Huaqiang Industry Co., Ltd. (SZSE:000062) will hold 4.75% and Shenzhen Qianhai Blue Point Electronic Information Industry Equity Investment Partnership will hold 1.43% stake in the company. The transaction has been approved by board of directors of Shenzhen Huaqiang Industry Co., Ltd. (SZSE:000062).