BASiC Semiconductor Completed Series C1 Funding

On September 17th, Shenzhen BASiC Semiconductor Co., Ltd. completedseries C1 funding, which was jointly invested by existing shareholders RBVC andLeaguer Financial, as well as new shareholders Green Pine Capital Partners,Jiayin Fund, China-US Green Fund, and Houtu Venture Capital. This round offunding will continue to be used to accelerate the development and industrializationof SiC power devices.