Wuhan Xinxin receives external financing

In early March this year, Wuhan XMC announced that it had accepted external financing for the first time, and its registered capital increased from approximately RMB 5.782 billion to approximately RMB 8.479 billion. Investors included 30 well-known investment institutions such as Wuhan Optics Valley Semiconductor Industry Investment Co., Ltd., Bank of China, and Hubei Integrated Circuit Industry Investment Fund. Despite accepting external financing, Yangtze Memory Technologies Co., Ltd. is still the controlling shareholder of Wuhan XMC, holding 68.1937% of the shares.