According to the announcement of Shenzhen Gongjin Electronics (603118.SH), its holding subsidiary, Shanghai Gongjin Microelectronics Technology Co., Ltd. ("Shanghai Microelectronics"), plans to increase capital and expand shares. Hangshi Probe (Hangzhou) Venture Capital Enterprise (Limited Partnership) ("Hangshi Probe"), the original shareholder of Shanghai Microelectronics, and Shenzhen Sensing Venture Capital Enterprise (Limited Partnership) ("Sensing Investment") and Suzhou Gainwin Electronic Technology Partnership Enterprise (Limited Partnership) ("Gainwin Electronic") plan to contribute RMB 15 million, RMB 78 million, and RMB 7 million respectively. The company plans to abandon the priority subscription rights for the capital increase of Shanghai Microelectronics this time.

Before the transaction, the registered capital of Shanghai Microelectronics was RMB 60 million, of which the company's contribution was RMB 30.60 million, with a contribution ratio of 51%. After the completion of this transaction, the registered capital of Shanghai Microelectronics will increase to 120 million yuan, of which Sensing Investment will contribute RMB 46.80 million, with a contribution ratio of 39%, becoming the largest shareholder of Shanghai Microelectronics; the contribution of the company will remain at RMB 30.60 million, with a contribution ratio of 25.5%, becoming the second largest shareholder of Shanghai Microelectronics. After the completion of this transaction, Shanghai Microelectronics and its subsidiaries no longer belong to the scope of consolidated subsidiaries of the company.

It is reported that Shanghai Microelectronics focuses on advanced packaging and testing business in the fields of smart sensors and automotive electronic chips, which extends the company's business to new areas. The net income of Shanghai Microelectronics in 2023 and the first quarter of 2024 was -31.6168 million yuan and -7.7028 million yuan respectively, and its operating condition was lower than expected, which has continuously caused great pressure on the company's performance due to the sustained huge losses. At the same time, the sensor packaging and testing industry belongs to the field of heavy asset investment, and it still needs to invest a large amount of money to support its business development in the future. The operating pressure of the company's main business has been increasing since 2023. Against this background, the company plans to abandon the priority subscription right for the capital increase and expansion of Shanghai Microelectronics this time in order to reduce investment risk and retain the possibility of future investment return.