[Jing Sheng Co., Ltd.: to sign Project Investment Agreement] May 15, Jing Sheng Co., Ltd. announced that it intends to sign the Project Investment Agreement and other related supplementary agreements with the Management Committee of Nanjing Pukou Economic Development Zone. Nanjing Jingcai Semiconductor Technology Co., Ltd., a wholly-owned subsidiary, is proposed to invest in the production and experimental project of Nanjing Jingsheng Pukou semiconductor crystal growth equipment in Pukou Economic Development Zone. The total investment of the project is expected to be 100 million yuan.