Meixincheng: Intends to acquire 100% equity of Xinyanwei Micro with a total of 160 million yuan.

The announcement made by Meixin Sheng stated that it plans to use its own funds to acquire all the existing registered capital of 10 million yuan of Shanghai Xinyan Microelectronics Co., Ltd. at a pre-investment valuation of 125 million yuan. It also plans to subscribe for an additional 28 million yuan in registered capital of the target company at the same pre-investment valuation, with an additional investment of 35 million yuan. After the completion of the transaction, a total of 100% equity of the target company will be acquired, with the total transaction amount amounting to 160 million yuan. After the transaction is completed, Xinyan Micro will become a wholly-owned subsidiary of the company and will be included in the company's consolidated financial statements.