Suzhou Keyang Semiconductor Co., Ltd. announced a placement of common shares for gross proceeds of CNY 550,000,000 on March 8, 2023. The transaction will include participation from new investors, Yangzhou Economic Technology Development Zone Linxin Industry Investment Fund Partnership, Zhenjiang State-Owned Investment Holding Group Company Limited, Zhejiang Caitong Innovation Investment Co., Ltd., Jiangnan Yifan Motor Co.,Ltd, Suzhou Zhongxin Hengxin Venture Capital Partnership Enterprise (Limited Partnership), Suzhou Zhidao Xiangze Equity Investment Partnership Enterprise (Limited Partnership), Suzhou Gusu Talent Phase 2 Venture Capital Enterprise (Limited Partnership), Suzhou Longju Zhifeng Venture Capital Partnership Enterprise (Limited Partnership), Suzhou Kangli Junzhuo Digital Economic Industry Investment Fund Partnership Enterprise (Limited Part, Hangzhou Dinghui Hongyuan Equity Investment Partnership Enterprise (Limited Partnership), Gongqingcheng Longxin Chuangwu Venture Capital Partnership Enterprise (Limited Partnership), Suzhou Yuelin Venture Capital Partnership Enterprise (Limited Partnership), Suzhou Huanxiuhu No. 1 Investment Co., Ltd, Zhenjiang Bolang Electric Power Technology Co., Ltd., Suzhou Huachuang Industrial Investment Development Co., Ltd., Suzhou Dongwu High-Speed Railway Private Equity Fund Partnership Enterprise (Limited Partnership), Jiangsu Beilai Investment Management Co., Ltd., Jiaxing Linyang Equity Investment Partnership LLP, Suzhou Yuanlixing Audit Consulting Services Co., Ltd., Suzhou Juyuan Zhenxin Equity Investment Partnership Enterprise (Limited Partnership).

The transaction has been approved at the 12th meeting of the company's 8th directorate and is subject to the shareholders' approval.