Hongchang Technology announced that the company previously disclosed that it plans to acquire 45% of the shares of Kunwu Semiconductor Technology Co., Ltd. and Anhui Youpin New Materials Co., Ltd. in cash. The transaction consideration is not expected to be higher than 405 million yuan and 315 million yuan respectively. Recently, the company signed a supplementary agreement with the signatories of the original “Stock Acquisition Intent Agreement”, agreeing to extend the exclusion period by another 45 days from the original exclusion period. The matter was reviewed and approved by the 19th meeting of the 3rd board of directors of the company. Currently, related work is being actively carried out.

Hongchang Technology announced that the company previously disclosed that it plans to acquire 45% of the shares of Kunwu Semiconductor Technology Co., Ltd. and Anhui Youpin New Materials Co., Ltd. in cash. The transaction consideration is not expected to be higher than 405 million yuan and 315 million yuan respectively. Recently, the company signed a supplementary agreement with the signatories of the original “Stock Acquisition Intent Agreement”, agreeing to extend the exclusion period by another 45 days from the original exclusion period. The matter was reviewed and approved by the 19th meeting of the 3rd board of directors of the company. Currently, related work is being actively carried out.