StarPower Semiconductor has made an announcement stating that the company intends to allocate raised funds to boost the capital of its wholly-owned subsidiary, StarPower Chongqing, by 270 million yuan. This move is aimed at facilitating the progress of the 'IPM Module Manufacturing Project.' Concurrently, the company will also enhance the capital of its controlled subsidiary, Shanghai Daozhi, by 200 million yuan, specifically for the 'Automotive-Grade GaN Module Industrialization Project.' In addition, Zhejiang Xingdeli, another shareholder, will contribute capital in proportion, adding 1.005025 million yuan. This capital infusion involves a related-party transaction, yet it does not meet the criteria for a significant asset restructuring. The proposal has already received approval from the board of directors and will not be put forward for discussion at the shareholders' meeting. The capital increase is set to guarantee the seamless execution of the funded projects and is in line with the company's overarching development strategy.