APT ELECTRONICS (02551) plans to invest in Xinnurent Semiconductor through a joint fund to further improve the layout of the "third generation semiconductor" industry cluster.

APT ELECTRONICS (02551) announced that on April 8, 2026, Guangzhou Tianze entered into a equity transfer agreement with the seller to acquire a total registered capital of approximately RMB 8.1562 million of Guangdong Xinpeng Energy Semiconductor Co., Ltd. (accounting for approximately 3.26% of the target company's equity on the date of this announcement) at a price of approximately RMB 23.0989 per registered capital. The total consideration for the equity transfer will be RMB 188.4 million. On the same day, Guangzhou Tianze entered into a capital increase agreement with the target company, under which Guangzhou Tianze is required to subscribe to approximately RMB 17.5177 million of the target company's new registered capital (accounting for approximately 6.54% of the target company's enlarged equity after completion of the capital increase) at a price of approximately RMB 25.6655 per registered capital. The total consideration for the capital increase will be RMB 449.6 million. Following the completion of the equity transfer and capital increase transactions, assuming that there are no further changes to the target company's registered capital, it is expected that Guangzhou Tianze will collectively hold approximately 9.5799% of the target company's equity. As of the date of this announcement, the company only holds approximately 40.12% of the partnership interests in Guangzhou Tianze as a limited partner. Through its equity interests in Guangzhou Tianze, it is expected that after completion of the equity transfer and capital increase transactions, the company will have approximately 3.8435% of the actual economic interests in the target company, with a total consideration for the equity transfer and capital increase transactions (through its indirect investment in Guangzhou Tianze) of approximately RMB 2.56 billion. The announcement stated that Guangzhou Tianze focuses on the semiconductor and integrated circuit industry in 15 strategic industrial clusters of the "12218" modern industrial system construction in Guangzhou, and prioritizes support for government strategic industries. The target company and Xinyue are national high-tech enterprises focusing on the research, development, production, and sales of third-generation silicon carbide power chips, devices, and modules, with products widely used in industries such as new energy vehicles, new displays, photovoltaics, energy storage, and AI data centers. The target company is a leading silicon carbide IDM company that can achieve domestic substitution in China, and is an innovative "unicorn" enterprise in Guangzhou and a key construction project of the "Strong Core Project" in Guangdong Province. Investing in the target company is an active strategic choice from "internal development" to "external layout," aiming to further improve the layout of the third-generation semiconductor industry cluster and release the synergistic value of the industrial chain. On the one hand, it helps to meet the comprehensive needs of leading customers represented by new energy vehicles, and provides integrated solutions and service systems of "optoelectronic semiconductor + power semiconductor" for customers through overall synergy or even joint development, thus improving project introduction efficiency and long-term cooperation stickiness; on the other hand, in emerging tracks such as Micro LED and AR + AI displays, both parties have advantages in product research and development, process implementation, and mass production, and have strong synergistic effects.