Jinghua Micro announced that on September 19, 2024, the company signed an "Intention Agreement" with ChipBang Technology, intending to purchase 60% to 70% of the shares of Shenzhen ChipBang Smart Core Microelectronics Co., Ltd., a wholly-owned subsidiary of ChipBang Technology that holds the assets of the smart home electronic control chip business, with cash not exceeding RMB 0.14 billion, and obtain control. This transaction is not expected to constitute a major asset restructuring or related party transaction. The company will promptly fulfill the relevant decision-making procedures and information disclosure obligations based on the subsequent progress of the transaction. The acquisition is still in the planning stage and is subject to uncertainties.
晶华微：拟以不超过1.4亿元现金购买芯邦科技子公司60%至70%股份
Jinghua Micro: plans to purchase 60% to 70% of the shares of the subsidiary of Core State Technology with cash not exceeding 0.14 billion yuan.
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