Variety Group Co., Ltd.: Intends to acquire controlling interest in Gilewei Micro.

date
14/05/2025
Announcement of Variety Stock Company: On May 13, 2025, the company signed an "Investment Cooperation Intent Agreement" with Jiangsu Jilai Microelectronics Co., Ltd. and its shareholders, intending to acquire control of Jilai Micro through cash capital increase or share acquisition. Jilai Micro is mainly engaged in the research and development, production, and sales of power semiconductor chips and devices. This transaction will help the company strategically focus and strengthen the core industry sector of Information Technology, expand the company's operating income and profit levels, improve overall operational efficiency, and enhance the company's risk resistance ability. The transaction is expected to constitute a major asset restructuring as stipulated in the "Management Measures for Major Asset Restructuring of Listed Companies", and is planned to be conducted through cash payment, without involving the issuance of shares by the listed company, not constituting related party transactions, and not resulting in a change in the control of the listed company.