36 Krypton learned that Shengbang Stock announced that the company intends to use its own funds, self-financing funds and/or H-share listing funds to acquire 58.2878% of the shares of Shanghai Shensiling Microelectronics Technology Co., Ltd. for a total of 833 million yuan. Upon completion of the transaction, the Company will become the controlling shareholder of the Subject Company, which will become the controlling subsidiary within the scope of the Company’s consolidated statements. The target company focuses on the design of sensor chips and mixed signal chips. Its products cover temperature sensors, temperature and humidity sensors, etc., and are used in industrial, medical, smart wear and other fields. This transaction does not constitute a connected transaction and major asset restructuring. It is within the scope of the Board of Directors’ approval authority and does not need to be submitted to the shareholders’ meeting for review.
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