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On March 23, 2022, XinXin Semiconductor Technology Co., Ltd. held the first shareholders' meeting in 2022.Due to the impact of the current COVID-19 epidemic, the shareholders' meeting was held via video conferencing, chaired by Chairman Tian Ye, and attended by the company's directors, supervisors and some management personnel.

Chairman Tian Ye reported to the shareholders on the completion of business objectives and the progress of key businesses in 2021, and elaborated on the company's capacity construction, market development, and capital plan for 2022. The shareholders' meeting also shared reports from the board of supervisors, the financial accounts reporting of year 2021, the profit distribution plan, the financial budget report, and the change of the Team-Shareholding platform. During the question-and-answer session, the shareholders had put forward some insights and suggestions for the company's future business development.

As the industry's leading manufacturer of 12-inch semiconductor wafers, Xinxin Semiconductor's crystal growth technology has reached the international first-class level.In 2021, it has successfully launched 12-inch polished wafers and epitaxial wafers that meet the 14-nanometer wafer manufacturing specifications and standard of the market. As at 31st December 2021,the company had successfully completed the “A“  round of financing of 1.64 billion RMB, it will enter into a next stage of company’s development with the introduction of strategic investors,.