Chengdu Seehi Microelectronics Co., Ltd. announced a private placement of 171,726 shares at a price of CNY 107.73 for gross proceeds of CNY 18,500,042 on May 12, 2022. The transaction will include participation from returning investor Hangzhou Jiuzhou Shunchuang Equity Investment Partnership (Limited Partnership), a fund managed by Dragon Wings Capital for 92,825 shares for CNY 10,000,037 and a 1.73% stake and new investor ArcSoft Corporation Limited for 78,901 shares for CNY 8,500,005 and a 1.47% stake in the company. Post completion of the transaction, the capital of the company will increase from CNY 5,198,180 to CNY 5,369,906.

Post-closing, ArcSoft Corporation Limited will hold 1.47% and Dragon Wings Capital's stake in increase from 4.75% to 6.33% stake in the company. The transaction has been approved by the board of directors of ArcSoft Corporation Limited in the third meeting of the second board of directors.