Beijing Weiwu Electronics Co., Ltd. Announcement on Acquisition of Part of Equity in a Holding Subsidiary by Wholly-Owned Subsidiary and Related Party Transaction
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Reminders:
- National Integrated Circuit Industry Investment Fund Co., Ltd. (hereinafter referred to as "National IC Fund") has recently listed for transfer the 19% equity it holds in Beijing Silex Microelectronics Technology (Beijing) Co., Ltd. (hereinafter referred to as "Silex Beijing"), a holding subsidiary of Beijing Weiwu Electronics Co., Ltd. (hereinafter referred to as the "Company"), on the Beijing Property Rights Exchange, with a listing price of RMB 62,362.74 million. The National IC Fund has obtained approval from its state-owned asset supervision department for this equity transfer.
- Beijing Weiwu International Technology Co., Ltd. (hereinafter referred to as "Weiwu International"), a wholly-owned subsidiary of the Company, intends to bid for the equity at the listing price of RMB 62,362.74 million through the Beijing Property Rights Exchange. The final transaction price and the transferee shall be subject to the transaction price and transferee finally confirmed in accordance with the rules and procedures of the Beijing Property Rights Exchange. Upon completion of this transaction, the Company will indirectly hold 100% of the equity in Silex Beijing. There is uncertainty regarding whether the Company can successfully win the bid and the final transaction price. The Company will fulfill its information disclosure obligations in a timely manner based on subsequent developments. Investors are advised to make prudent decisions and be aware of investment risks.
- The Company's Fifth Board of Directors' 28th meeting held on June 10, 2026, deliberated and approved the "Proposal on the Acquisition of Part of Equity in a Holding Subsidiary by a Wholly-Owned Subsidiary and Related Party Transaction."
- In accordance with the "Rules Governing the Listing of Stocks on the ChiNext Market of the Shenzhen Stock Exchange" and other relevant laws and regulations, as well as the "Articles of Association" and the "Management Measures for Related Party Transactions," this transaction constitutes a related party transaction, but it does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies." This matter, after being deliberated and approved by the Board of Directors, still needs to be submitted to the Company's shareholders' meeting for deliberation.
I. Overview of Related Party Transactions (I) Basic Situation of Related Party Transactions
The National IC Fund has recently listed for transfer the 19% equity it holds in Silex Beijing, a holding subsidiary of the Company, on the Beijing Property Rights Exchange, with a listing price of RMB 62,362.74 million. The National IC Fund has obtained approval from its state-owned asset supervision department for this equity transfer.
Weiwu International, a wholly-owned subsidiary of the Company, intends to bid for the equity at the listing price of RMB 62,362.74 million through the Beijing Property Rights Exchange. The final transaction price and the transferee shall be subject to the transaction price and transferee finally confirmed in accordance with the rules and procedures of the Beijing Property Rights Exchange. Upon completion of this transaction, the Company will indirectly hold 100% of the equity in Silex Beijing.
There is uncertainty regarding whether the Company can successfully win the bid and the final transaction price. The Company will fulfill its information disclosure obligations in a timely manner based on subsequent developments. Investors are advised to make prudent decisions and be aware of investment risks.