Sai Weiwei Electric: planned to acquire 60.01% of the equity of Wuxi Yourong Microelectronics for cash, with a transaction price of 202 million yuan.

Sai Weiwei announced that the company plans to acquire a total of 60.01% equity of Wuxi Yourong Microelectronics through cash payment, with a transaction price of 202 million yuan. After the transaction is completed, Wuxi Yourong Microelectronics will become a subsidiary of Sai Weiwei and will be included in the consolidated financial statements. In addition, the board of directors has authorized the general manager to make further acquisitions of a total of 5.72% equity held by 6 shareholders of Wuxi Gaotou Yida Dingqi Talent Entrepreneurship Investment Partnership Enterprise. Through this transaction and subsequent transactions, a total of 65.73% equity will be acquired in the target company, and the transfer price for 100% equity of the target company shall not exceed the valuation of 100% equity of the target company in this transaction. This transaction aims to expand the product line of Sai Weiwei and strengthen the talent team.