On September 6, 2019, the application of Jiangsu Jiejie Microelectronics Co., Ltd. (hereinafter "Jiejie Microelectronics" or "Company") for the private placement of A shares on the GEM was approved by China Securities Regulatory Commission's Issuance Appraisal Committee. The total amount of fund raised will not exceed RMB 770.1327 million.

Founded in 1995 and listed on the GEM in 2017, Jiejie Microelectronics is a national high-tech enterprise and an innovative enterprise in Jiangsu Province. Since its inception in 1995, Jiejie Microelectronics has been specialized in the development, design, production and sales of discrete devices for power semiconductors. The company's main products are power semiconductor chips and packaged devices. Products of over 200 different specifications and models are geared to different downstream application sectors, mainly in civil use field such as household appliances and residual-current circuit breaker; the industrial field such as reactive power compensation devices and power modules; and lightning protection and anti-static protection field such as communications networks, IT products, and automotive electronics. The company's products contain many core technologies which meet the needs of economic development, energy conservation and emission reduction in China, enhance the comfort and safety of life and also become one of the factors for quality assurance of related products in emerging markets such as automotive electronics, electronic communication networks and IT products.

As the legal counsel for this private placement project, DeHeng formed a project team headed by partner Guan Changluo, supported by lawyer Xu Zhixiang and assistant lawyer Wang Yuanyuan, to provide a full range of legal services for the project.