Beijing Swei Electronic Co., Ltd.
Announcement Progress on Related Party Transaction for Full Subsidiary's Acquisition of Partial Equity in Controlled Subsidiary
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
I. Transaction Overview
Beijing Swei Electronic Co., Ltd. (hereinafter referred to as the "Company") held the 28th meeting of the Fifth Board of Directors on June 10, 2026, and approved the "Proposal on the Progress of the Related Party Transaction for the Acquisition of Partial Equity in a Controlled Subsidiary by a Wholly-Owned Subsidiary." It was agreed that the Company's wholly-owned subsidiary, Beijing Swei International Technology Co., Ltd. (hereinafter referred to as "Swei International"), would acquire 19% of the equity of the Company's controlled subsidiary, Swei Microelectronics Technology (Beijing) Co., Ltd. (hereinafter referred to as "Swei Beijing" or "Target Enterprise"), held by the National Integrated Circuit Industry Investment Fund Co., Ltd. (hereinafter referred to as "National IC Fund"), through bidding at the Beijing Property Rights Exchange at a reserve price of RMB 623.6274 million. For details, please refer to the "Announcement on the Progress of the Related Party Transaction for the Acquisition of Partial Equity in a Controlled Subsidiary by a Wholly-Owned Subsidiary" (Announcement No.: 2026-053) disclosed by the Company on the Juchao Information Network (http://www.cninfo.com.cn) on June 11, 2026. This proposal was approved by the Company's First Extraordinary General Meeting of Shareholders in 2026.
II. Transaction Progress
The transaction was conducted publicly at the Beijing Property Rights Exchange. During the listing period, Swei International submitted the "Application for Transfer" and relevant materials to the Beijing Property Rights Exchange, received the "Confirmation Notice of Qualification for Transfer" issued by the Beijing Property Rights Exchange, and paid the deposit of RMB 180.00 million to the designated settlement account of the Beijing Property Rights Exchange within the prescribed time.
On July 8, 2026, Swei International received the "Transaction Signing Notice" issued by the Beijing Property Rights Exchange. Swei International and the National IC Fund signed the "Property Rights Transaction Contract." Swei International became the transferee of 19% of the equity of Swei Beijing, with a transaction price of RMB 623.6274 million.