According to the Zhaoyi Innovation announcement, the company plans to increase the capital by 500 million yuan to the wholly-owned subsidiary Zhuhai Hengqin Xincun Semiconductor Co., Ltd. using A-shares of the “DRAM chip R&D and industrialization project” account. Of this, 50 million yuan will be included in the registered capital and 450 million yuan will be included in the capital reserve. After the capital increase, the registered capital of Zhuhai Chip Storage will be changed from 150 million yuan to 200 million yuan. The capital increase has been reviewed and approved by the 13th meeting of the 5th board of directors of the company. There is no need to submit it to the shareholders' meeting for review, the investment direction and project content of the raised capital have not been changed, and there is no harm to the interests of the company and shareholders.

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