China Ceramics Electronics plans to acquire part of Guolian Wanzhong's equity

Zhongci Electronics issued an announcement on the evening of July 25, planning to acquire 5.3971% of the equity of Beijing Guolian Wanzhong Semiconductor Technology Co., Ltd. held by Beijing Guolian Zhixin Enterprise Management Center in cash. The two parties signed the relevant equity transfer agreement on July 26, 2024. Guolian Wanzhong is one of the target companies of Zhongci Electronics' previous major asset restructuring, and is also the implementing entity of the "Third Generation Semiconductor Process and Packaging and Testing Platform Construction Project" and the "Silicon Carbide High-Voltage Power Module Key Technology R&D Project". After the completion of this transaction, Guolian Wanzhong will become a wholly-owned subsidiary of Zhongci Electronics.