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On July 21, 2026, GigaDevice held the 13th session of its fifth board of directors and greenlit the utilization of RMB 500 million from its A-share raised funds to augment the capital of its fully-owned subsidiary, Zhuhai Hengqin Xincun Semiconductor Co., Ltd. This capital infusion is earmarked for the execution of the DRAM project, which is financed through public offerings. Out of this sum, RMB 50 million will be added to the registered capital, while the remaining RMB 450 million will be allocated to the capital reserve. Following the capital increase, Zhuhai Xincun's registered capital will surge from RMB 150 million to RMB 200 million, and it will continue to operate as a fully-owned subsidiary of GigaDevice. Notably, this transaction does not necessitate submission to the shareholders' meeting for discussion and approval.
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