The 2025 private placement of A-shares by Jiangsu Maxscend Microelectronics Co., Ltd. (Stock Abbreviation: Maxscend, Stock Code: 300782) was completed in April 2026, raising funds of approximately RMB 3.475 billion. The raised funds were used for projects including the expansion of RF chip manufacturing. Tian Yuan acted as the issuer's legal advisor, providing legal services for the company's A-share private placement.

The company focuses on the research, development, production, and sales of radio frequency integrated circuits. It primarily supplies the market with RF front-end discrete devices such as RF switches, RF low-noise amplifiers, RF filters, and RF power amplifiers, as well as various module product solutions, mainly applied in fields such as mobile smart terminals, smart wearables, communication base stations, automotive electronics, Bluetooth earphones, VR/AR devices, and network communication equipment. Additionally, the company supplies low-power IoT processor chips externally, mainly used in electronic products like smart homes, wearable devices, and smart cars. The company has become one of the few domestic RF solution providers benchmarking against international leading enterprises.

Tian Yuan formed a working team consisting of partners Tan Qing and Li Haijiang, and associates Yuan Peng and Yang Yiting, to provide full-process legal services for Maxscend's private placement of A-shares. As the issuer's legal counsel, Tian Yuan previously assisted Maxscend in completing its A-share IPO issuance in 2019 and its private placement of A-shares in 2021.