Wuhan Jingce Electronic Group (300567.SZ) subsidiary plans to increase capital by 37 million yuan to support the research and development and production of semiconductor testing equipment.

Wuhan Jingce Electronic Group (300567.SZ) announced that its holding subsidiary, Wuhan Jinghong Electronics Technology Co., Ltd. (referred to as "Wuhan Jinghong"), plans to increase its capital by 37 million yuan, which will be subscribed by Wuhan Jinghe Investment Consulting Partnership (Limited Partnership), Wuhan Jingjun Investment Consulting Partnership (Limited Partnership), Liu Yonghua, Li Zhan, and Shuai Min, with the entire amount being included in the registered capital. Upon completion of the capital increase, the registered capital of Wuhan Jinghong will change to 150 million yuan, and the company's direct equity stake in Wuhan Jinghong will change from 66.37% to 50%. Through its wholly-owned subsidiary, Wuhan Jingce Electronic Group (Hong Kong) Limited, the equity stake held in Wuhan Jinghong will change from 13.27% to 10%. Wuhan Jinghong will continue to be included within the company's consolidated financial statements. Wuhan Jinghong is primarily engaged in the research and development, production, and sales of automatic test equipment (ATE). Its core products are applied in the semiconductor back-end electrical performance testing field, covering key processes from CP (wafer probing), BI (burn-in testing) to FT (final testing), and can provide customized equipment and solutions for chip design, manufacturing, packaging, testing companies, and IDM manufacturers in the back-end testing process. This capital increase is based on the business development needs of Wuhan Jinghong and is beneficial for the company to obtain sufficient funds to ensure investment in the research and development and production of semiconductor testing equipment.