Changdian Technology Completes Acquisition of SanDisk Semiconductor

Changdian Technology issued an announcement on the evening of August 11, revealing new progress in the company's acquisition of 80% of SanDisk Semiconductor's equity. The acquisition has been approved by the Minhang District Planning and Natural Resources Bureau, and has also received the "Decision on Non-Prohibition of Anti-Monopoly Review of Concentration of Operators" issued by the State Administration for Market Regulation. This means that the parties to the transaction can implement the concentration. On March 4 this year, the board of directors of Changdian Technology reviewed and approved the proposal to acquire 80% of the equity of SanDisk Semiconductor (Shanghai) Co., Ltd. The transaction price is approximately US$624 million (approximately RMB 4.473 billion). After the transaction is completed, Changdian Management Company will hold 80% of SanDisk Semiconductor's equity, and SANDISK CHINA LIMITED will hold 20% of the equity.