Halo Microelectronics (688173.SH) plans to acquire 100% of the shares of Chengxin Micro. Trading will continue to be suspended starting from November 12th.

Halo Microelectronics (688173.SH) announced that the company was planning to acquire 100% of Shenzhen Chengxin Micro Technology Co., Ltd by issuing shares and paying cash, and raising matching funds. The company's stock has been suspended from trading since November 5, 2024 (Tuesday). As of the date of this announcement, the company and relevant parties are actively advancing the related work of this transaction. The company expects that the stock will not resume trading starting from November 12, 2024 (Tuesday). Due to the uncertainty of the transaction, in order to protect the interests of investors and avoid abnormal fluctuations in the company's stock price, according to the relevant regulations of the Shanghai Stock Exchange, the company's stock will continue to be suspended from trading starting from November 12, 2024 (Tuesday), and is expected to be suspended for no more than 5 trading days.