Suzhou Dexin Chip Technology Co., Ltd. announced that it has entered into capital increase agreement to raise CNY 280 million in a round of funding on April 15, 2024. The transaction will include participation from returning investor Suzhou Good-Ark Electronics Co., Ltd. for CNY 20 million, Suzhou Jintai Venture Capital Partnership (Limited Partnership) for CNY 20 million, Suzhou Industrial Park Industrial Investment Fund (Limited Partnership), a fund managed by Suzhou Harvest Capital Management Co., Ltd. for CNY 36 million, new investors Sino-Singapore Suzhou Industrial Park Venture Capital Co., Ltd. for CNY 84 million, Guangzhou Guangqi Xinde Management Consulting Partnership (Limited Partnership) for CNY 50 million, Guangzhou Yuexin Integrated Circuits Co., Ltd. for CNY 50 million, Suzhou Guofa Technology Innovation Investment Enterprise (Limited Partnership) for CNY 10 million and Suzhou Guofa Port and Shipping Phase II Logistics Industry Investment and Development Partnership LP for CNY 10 million. After the completion of the transaction, the registered capital of the company will be changed from CNY 360 million to CNY 528 million.

The transaction is being raised at a pre-money valuation of CNY 600 million. The transaction has been approved by the board of directors of Suzhou Good-Ark Electronics Co., Ltd. The current round of investors shall pay the investment amount payable within ten working days from the date when all the conditions precedent to the closing as stipulated in the agreement are satisfied or waived in writing by the current round of investors. The company shall complete the industrial and commercial registration change procedures for this investment and obtain the target company's new business license within twenty working days after the current round of investors have paid all investment funds into the company's account.