Changsha Jingjia Microelectronics (300474.SZ)'s controlling subsidiary Chengheng Micro plans to increase capital and expand shares to introduce strategic investors.

Changsha Jingjia Microelectronics (300474.SZ) announced that, in order to promote the long-term healthy development of its controlling subsidiary Wuxi Chengheng Microelectronics Co., Ltd. ("Chengheng Micro") and enhance its overall strength, Chengheng Micro is introducing five strategic investors, including Dongrong No. 1 (Zhuhai Hengqin) Equity Investment Partnership (Limited Partnership), through capital increase and share expansion, jointly increasing capital in Chengheng Micro in monetary form, with a total capital increase amount not exceeding RMB 170 million. After the completion of this capital increase, Chengheng Micro will remain a controlled enterprise of the company, and the scope of the company's consolidated financial statements will not change. This capital increase is in line with Chengheng Micro's overall strategic development plan, helps supplement the funds needed for Chengheng Micro's business development, consolidates Chengheng Micro's capital strength, accelerates Chengheng Micro's market expansion and implementation in the edge-side AI SoC chip field, continuously enhances its R&D capabilities, further improves its comprehensive competitive advantages, and promotes its rapid and steady development, in line with the long-term strategic development goals of the company and Chengheng Micro.