Jiangxi Hongxin Flexible Electronic Technology Co., Ltd. announced that it will receive CNY 115,000,000 in an equity round of funding through capital increase from returning investor XiaMen HongXin Electron-tech Group Co.,Ltd on August 28, 2022. After the completion of this capital increase, the register capital of company will increase from CNY 100,000,000 to CNY 215,000,000. XiaMen HongXin Electron-tech Group Co.,LtdÆ shareholding ratio will be increased from 90% to 95.35%, and Yingtan Fengjin Enterprise Management Center (Limited Partnership) shareholding ratio will be decreased from 10% to 4.65%.

The transaction has been approved at 4th meeting of the 4th board of directors and no need to submit to general meeting of shareholders for deliberation.