Jinghua Micro Announces Acquisition of Shenzhen Xinbang Zhixin Microelectronics Co., Ltd.

Hangzhou Jinghua Microelectronics Co., Ltd. issued an announcement on the evening of December 20, announcing that it would use its own funds of RMB 200 million to purchase 100% of the equity of Shenzhen Xinbang Zhixin Microelectronics Co., Ltd. held by Shenzhen Xinbang Technology Co., Ltd. After the completion of this transaction, Zhixin Micro will become a wholly-owned subsidiary of Jinghua Micro. According to the set performance commitment period, Zhixin Micro's target net profit from 2025 to 2027 will not be less than RMB 7.2 million, RMB 11.4 million and RMB 21.4 million respectively, and the cumulative target net profit for three years will not be less than RMB 40 million.