Halo Microelectronics (688173.SH) plans to issue additional shares to acquire 100% equity of power management chip supplier Chengxin Micro on November 18th, and will resume trading on that day.

Halo Microelectronics (688173.SH) announces the plan to issue shares and pay cash to acquire assets and raise funds. The listed company intends to purchase 100% of the shares of Shenzhen Chengxin Microtechnology Co., Ltd. (referred to as Chengxin Micro), held by Cao Jianlin, Cao Songlin, Chain Intelligence, and Hui Zhi Chuangxin, through the issuance of shares and cash payment, and issue shares to raise funds from up to 35 specific investors. It is reported that the target company is a national high-tech enterprise focusing on the research, design, and sales of analog and mixed-signal integrated circuits, as well as a "specialized, sophisticated, new" small and medium-sized enterprise in Shenzhen. The target company's main products include power management chips, motor chips, battery management chips, and MOSFET and other integrated circuit products. The products of the target company have strong scalability and applicability, and can be widely used in various fields such as automotive electronics, general power supply, smart home, 3C products, security surveillance, low-power energy storage, etc., meeting the diverse needs of different downstream markets, and further expanding its application in new energy industries such as energy storage, photovoltaics, backup power, etc. With a strict quality management system and industrial resource advantages, the target company has become one of the leading domestic suppliers of comprehensive power management chips, offering complete system solutions to customers. Through this transaction, the listed company can quickly absorb the mature patent technology, research and development resources, and customer resources of the target company, rapidly expand its product categories, and thereby benefit the listed company in broadening its technological and product layout in the fields of power management chips, motor chips, battery management chips, MOSFET, etc., providing more comprehensive solutions and corresponding products to a wider range of downstream industry customers. In summary, this transaction will help the listed company broaden its technological and product layout, accelerate the expansion of product categories and downstream application areas, and enhance the company's continuous operation capability and market competitiveness. In accordance with the relevant regulations of the Shanghai Stock Exchange, following the company's application, the company's stock will resume trading on Monday, November 18, 2024.