On June 21st, Gelunhui announced that it plans to purchase a total of 72.33% equity of Xilinx's Yuezhou held by 15 counterparties such as Binhai Xinxing and Yuanzhi No.1 through the issuance of shares and payment of cash. The final transaction price of the target assets will be based on the evaluation report issued by the asset appraisal institution in accordance with the Securities Law, and will be determined through full consultation between the trading parties. After the relevant audit and evaluation work of the target assets is completed, the listed company will sign a supplementary agreement to the issuance of shares and payment of cash to purchase assets agreement with the trading counterparties to confirm the final transaction price and trading scheme, and disclose it in the restructuring report.

In this transaction, the listed company is acquiring a minority stake in Xilinx's Yuezhou subsidiary. Xilinx's Yuezhou is the implementation subject of the listed company's Phase II project. On the one hand, it further expands the production capacity of silicon-based IGBT and silicon-based MOSFET by adopting more advanced production lines, more mature technology and process, and continuously promotes the product line towards higher-end and higher value-added directions. On the other hand, it is laying out a forward-looking development and production capacity on higher technical platforms such as SiCMOSFET, VCSEL (GaAs) and power drive (high-voltage analog IC). Currently, the production capacity of silicon-based IGBT and silicon-based MOSFET of Xilinx's Yuezhou is 70,000 pieces/month, and the production capacity of SiCMOSFET is 5,000 pieces/month.

Through this transaction, the listed company further enhances its control over Xilinx's Yuezhou, and will use the listed company's technological advantages, customer advantages, and capital advantages to focus on the development of businesses such as silicon carbide and high-voltage analog IC in order to better implement the company's overall strategic deployment. In addition, the listed company will achieve integrated management of the first-phase 100,000 piece and second-phase 70,000 piece 8-inch silicon-based production capacity through integration and control, and achieve deep integration in internal management, process platform, customized design, supply chain, and other aspects, to achieve cost reduction and efficiency enhancement, and then improve the company's execution efficiency and profitability.