Cambridge Technology announced that the 23rd meeting of the fifth board of directors of the company deliberated and passed two proposals. First, it was agreed to raise capital with H shares to increase capital by 10 million US dollars to CIG America, a wholly-owned overseas subsidiary, to expand production capacity, increase R&D, etc. The Board authorized Chairman and General Manager Gerald G Wong to handle related matters. Second, it was agreed to use H shares to raise capital and participate in the subscription for Yangzhong Happy Home Venture Capital Partnership shares, pledging a total investment of 400 million yuan. After the transaction is completed, the company will be included in the consolidated statement. The board of directors also authorized Gerald G Wong to handle related matters.

Cambridge Technology announced that the 23rd meeting of the fifth board of directors of the company deliberated and passed two proposals. First, it was agreed to raise capital with H shares to increase capital by 10 million US dollars to CIG America, a wholly-owned overseas subsidiary, to expand production capacity, increase R&D, etc. The Board authorized Chairman and General Manager Gerald G Wong to handle related matters. Second, it was agreed to use H shares to raise capital and participate in the subscription for Yangzhong Happy Home Venture Capital Partnership shares, pledging a total investment of 400 million yuan. After the transaction is completed, the company will be included in the consolidated statement. The board of directors also authorized Gerald G Wong to handle related matters.