Jiangsu Qiwei Semiconductor Equipment Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 20,000,000 on January 5, 2018. The transaction will include participation from returning investor PNC Process Systems Co., Ltd. (SHSE:603690) to retain its 100% stake in the company. The registered capital of the company will increase from CNY 45,000,000 to CNY 65,000,000. The transaction was approved at the investor's 4th session of the 3rd directorate meeting.