Nexchip Semiconductor Corporation (688249.SH) plans to increase its investment in Fangjing Technology.

Nexchip Semiconductor Corporation (688249.SH) announced that it plans to make a capital increase of 290 million yuan to Fechipang Technology Co., Ltd. (referred to as "Fechipang Technology" or the "target company") in partnership with Hefei Jianheng New Energy Vehicle Investment Fund Partnership Enterprise (Limited Partnership), Hefei High-tech Construction Investment Group Co., Ltd., Hefei Zebai Enterprise Management Partnership Enterprise (Limited Partnership), Hefei Jinghuijuxin Investment Fund Partnership Enterprise (Limited Partnership), Javate Microelectronics (Hangzhou) Co., Ltd., and employee stock platform of Fangjing Technology, Hefei Zexi Enterprise Management Advisory Partnership Enterprise (Limited Partnership), Hefei Zexu Enterprise Management Partnership Enterprise (Limited Partnership), Hefei Zehuan Enterprise Management Partnership Enterprise (Limited Partnership), and Hefei Zeqi Enterprise Management Partnership Enterprise (Limited Partnership), with each party contributing a total of 29 million yuan at a price of 1.00 yuan per registered capital. The company plans to contribute 80 million yuan in cash, sourced from its own funds.