Dongwei Semiconductor: Intends to sell 7.58% equity stake in its joint venture company Dexin Chip for 40 million yuan.

Dongwei Semiconductor announced that the company plans to transfer its 7.5758% equity in Suzhou Deli Semiconductor Technology Co., Ltd. to Suzhou Guding Electronics Co., Ltd. for a price of 40 million yuan. This transaction does not constitute a related party transaction or a major asset restructuring. After the transaction is completed, the company will still hold 7.5757% of Deli's shares. Preliminary calculations show that this transaction is expected to bring the company no less than 28 million yuan in equity transfer income, which will be recognized as current profit and loss. The transaction has been approved by the company's board of directors and still needs to be approved by the shareholders' meeting. The company stated that this sale is beneficial for optimizing the asset structure, improving asset operation efficiency, reducing management costs, and providing financial support for business expansion.