Gelonghui, January 9, 丨 Peking University Blue Bird Huanyu (08095.HK) announced that on January 9, 2024, the company successfully bid for 25% of the target company's shares through a public listing held by an online auction platform operated and managed by the Shanghai Stock Exchange Center, at a cost of RMB 106.9 million. After completion, the Group's total shareholding in the target company Shanghai Shengjin Venture Capital Co., Ltd. will increase from 45% to 70%.

The target company has invested in Gallium Shanghai, Shanghai Xianyao, and Guangdong Luming, all of which are engaged in the semiconductor industry and LED industry. Based on the strong support of the Chinese government for the semiconductor and LED industry, strong market demand for semiconductor industry and LED products, and steady progress in investment projects carried out by target companies' investment companies, the directors believe that (i) the business prospects and prospects of these investment companies are improving; (ii) the company's investment in target companies is particularly in line with the Group's main business (i.e. investment holding) and its existing investments in the semiconductor and LED business; and (iii) it is anticipated that the acquisition will enhance the Group's competitive position in the semiconductor industry and LED industry and contribute to the Group's future growth.