Tongye Technology announced that the company plans to purchase 100% of the shares of Beijing Silinko Semiconductor Technology Co., Ltd. in cash, using its own funds and self-financing sources. If the transaction is successfully implemented, the company will hold 100% of Silinco's shares, and Silinco will become a wholly-owned subsidiary of the company. This transaction may constitute a major asset restructuring as stipulated in the “Administrative Measures on Major Asset Reorganization of Listed Companies”. This transaction does not involve the issuance of shares by the company, nor will it cause changes in the controlling shareholder and actual controller of the company.

Tongye Technology announced that the company plans to purchase 100% of the shares of Beijing Silinko Semiconductor Technology Co., Ltd. in cash, using its own funds and self-financing sources. If the transaction is successfully implemented, the company will hold 100% of Silinco's shares, and Silinco will become a wholly-owned subsidiary of the company. This transaction may constitute a major asset restructuring as stipulated in the “Administrative Measures on Major Asset Reorganization of Listed Companies”. This transaction does not involve the issuance of shares by the company, nor will it cause changes in the controlling shareholder and actual controller of the company.