Will Semiconductor Co.Ltd.Shanghai(603501) : the wholly-owned enterprise plans to increase its Ingenic Semiconductor Co.Ltd(300223) shares by no more than 4 billion yuan

Will Semiconductor Co.Ltd.Shanghai(603501) ( Will Semiconductor Co.Ltd.Shanghai(603501) ) it was announced on May 22 that Shaoxing Weihao enterprise management consulting partnership (limited partnership) (hereinafter referred to as “Shaoxing Weihao”), a wholly-owned enterprise of the company, plans to increase the shares of Ingenic Semiconductor Co.Ltd(300223) (hereinafter referred to as ” Ingenic Semiconductor Co.Ltd(300223) “) by means of centralized bidding or block trading with a total of no more than RMB 4 billion, and the cumulative number of Ingenic Semiconductor Co.Ltd(300223) shares held after the increase is no more than 50 million shares, no more than 10.38% of the total share capital of Ingenic Semiconductor Co.Ltd(300223) .