GigaDevice Semiconductor Inc. (03986) intends to invest 400 million yuan to subscribe for shares of Shanghai Shixi Megacommit Zhixin Entrepreneurship Investment Partnership Enterprise (Limited Partnership).

GigaDevice Semiconductor Inc. (03986) announced that, in order to help the company seize the development opportunities in the integrated circuit industry and broaden its industrial layout in cutting-edge technology fields through deep cooperation with professional investment institutions, the company plans to subscribe to Beijing Shixi Qingliu Private Equity Fund Management Co., Ltd. (hereinafter referred to as the "manager", "general partner" or "executive partner") as a limited partner with its own funds of RMB 400 million to establish Shanghai Shixi Zhaoyi Zhixin Entrepreneurial Investment Partnership Enterprise (Limited Partnership) (proposed name, subject to actual registration). The fund will primarily invest in unlisted companies in the integrated circuit industry, with the investment in the integrated circuit sector not less than 70% of the total committed capital of the fund. The investment stages will target early-stage enterprises, small and medium-sized enterprises, and high-tech enterprises. The total committed capital of the fund is RMB 1.546 billion, with the company planning to subscribe with its own funds RMB 400 million, accounting for approximately 25.87% of the total committed capital of the fund (the fund is still in the fundraising stage, and the total committed capital of the fund and the company's shareholding in the fund will depend on the final fundraising situation). The company plans to sign the "Shanghai Shixi Zhaoyi Zhixin Entrepreneurial Investment Partnership Enterprise (Limited Partnership) Partnership Agreement" and related legal documents with the general partner and other fund partners regarding the above investment matters.