Xin Bang Intelligent: Intends to acquire a stake in Ingenic Semiconductor.

Xinbang Intelligent Announcement: The company plans to acquire the equity of Indiexin Micro by issuing shares, convertible corporate bonds, and cash, and raise supplementary funds. Indiexin Micro is a leading domestic supplier of automotive-grade mixed-signal chips and solutions, mainly engaged in the research and development, design, and sales of automotive-grade chips. After the transaction is completed, Xinbang Intelligent is expected to rank second in A-share listed automotive-grade analog and mixed-signal chip suppliers, and first in automotive-grade mixed-signal chip suppliers. The audit and evaluation work related to the transaction is not yet completed, and the financial data of the audited assets, asset assessment results, and final transaction price will be disclosed in the restructuring report.