Huaqin Co., Ltd. (03296): Completed the acquisition of 5% stake in Nexchip Semiconductor Corporation.

Huaqin Co., Ltd. (03296) announced that, recognizing the long-term investment value of Nexchip Semiconductor Corporation, on April 28, 2026, the company and its wholly-owned subsidiary Hefei Qinhe entered into a share transfer agreement with Power Capital Ventures. According to this agreement, Hefei Qinhe conditionally agreed to purchase, and Power Capital Ventures conditionally agreed to sell, 100.4 million target shares (approximately 5.0% of the total issued shares of Nexchip Semiconductor Corporation as of the date of this announcement) for a total cash consideration of RMB 2.651 billion (equivalent to RMB 26.41 per share of the target shares). Hefei Qinhe and Power Capital Ventures have recently obtained a "Confirmation of Securities Transfer Registration" issued by China Securities Depository and Clearing Corporation Limited. The share transfer registration procedures for the target shares have been completed, with the share transfer registration date being May 19, 2026. Before the acquisition, the company directly held 120 million shares of Nexchip Semiconductor Corporation, equivalent to 6.00% of the total issued shares of Nexchip Semiconductor Corporation. After the completion of the acquisition, the company will maintain its direct holdings in Nexchip Semiconductor Corporation, while Hefei Qinhe will hold 100.4 million shares, equivalent to 5.00% of the total issued shares of Nexchip Semiconductor Corporation. Therefore, after the completion of the acquisition, the group will hold a total of 220.7 million shares of Nexchip Semiconductor Corporation, equivalent to 11.00% of the total issued shares of Nexchip Semiconductor Corporation.