Techigh Circuit Technology (Huizhou) Co.,Ltd. announced a private placement of CNY 56,938,776 on May 23, 2023. The company will issue common shares in the transaction. The transaction will include participation from new investor Tianjin Printronics Circuit Corporation for CNY 56,938,776.

The company will increase its capital increase from CNY 90,000,000 to CNY 146,938,776. The company will raise amount in tranches, within 10 working days from the agreement effective date, the company will receive 18.66% of the capital increase investment, within 30 working days from the delivery date, the company will pay 32.34% of the capital increase investment. The transaction has been approved in the 22nd Meeting of the company's 6th Directorate and the 17th Meeting of the Company's 6th Supervisory Board.

The transaction is subject to shareholder approval, and other necessary approvals.