According to Baiwei Storage's announcement, the company previously disclosed that its holding subsidiary Guangdong Xincheng Hanqi Semiconductor Technology Co., Ltd. plans to introduce external investors through capital increase and share expansion. The total financing amount for this round will not exceed 600 million yuan, and the company and other original shareholders will relinquish priority subscription rights. As of the disclosure date of this announcement, Guangdong Xincheng Hanqi has received 600 million yuan in capital increases from investors, completed the industrial and commercial change procedures for this capital increase, and obtained a “Business License” issued by the Dongguan Municipal Administration of Market Supervision. After the capital increase was completed, the company directly held 52.5186% of Guangdong Xincheng Hanqi's shares. Guangdong Xincheng Hanqi is still a holding subsidiary of the company and is included in the scope of the company's consolidated statements.

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