Fullhan Micro announced that its controlling subsidiary Xinhang Zhixing plans to introduce investor Hanlian Fund through a capital increase and share expansion. Hanlian Fund intends to contribute 88 million yuan to subscribe for 3.948718 million yuan of newly added registered capital, and will hold a 22% stake in Xinhang Zhixing after the capital increase. Fullhan Micro has waived its preemptive right to subscribe for this capital increase, and its shareholding ratio will decrease from 71.4286% to 55.7143%. Xinhang Zhixing will remain a controlling subsidiary within the consolidated financial statements. This transaction constitutes a related-party transaction and has been approved by the board of directors.
Shanghai Fullhan Microelectronics Co LtdFullhan Micro's subsidiary Xinhang Zhixing brings in Hanlian Fund via an 88 million yuan capital increase, diluting Fullhan's stake from 71.43% to 55.71% while retaining control.
Xinhang Zhixing receives an 88 million yuan capital injection from Hanlian Fund for a 22% stake.
