Shannon Semiconductor Technology Co LtdShannon Xinchuang plans to acquire a 3% stake in Haiwei Intelligent Computing for 150,000 yuan as a related-party joint investment to explore business synergy.

Shannon Xinchuang announced that it plans, together with related party Huang Zewei and others, to jointly acquire a 29% stake in Haiwei Intelligent Computing held by Su Xin. The company will acquire a 3% stake for 150,000 yuan, corresponding to a subscribed capital contribution of 3 million yuan, with 150,000 yuan actually paid, and will assume the obligation to pay the remaining 2.85 million yuan in subscribed capital. This transaction constitutes a related-party joint investment, does not constitute a major asset restructuring, and aims to explore business synergy opportunities.
Shannon Semiconductor Technology Co LtdShannon Xinchuang plans to acquire a 3% stake in Haiwei Intelligent Computing for 150,000 yuan as a related-party joint investment to explore business synergy.
Haiwei Intelligent Computing is the target of a 29% stake acquisition by Shannon Xinchuang and related parties; impact on the company itself is unclear.