Huaqin Co., Ltd. (03296) has invested approximately 93.22 million Hong Kong dollars to acquire a total of 311.59 million shares of Nexchip Semiconductor Corporation H shares.

Huaqin Co., Ltd. (03296) announced that on July 20, 2026, the company's wholly-owned subsidiary Huaqin Communication acquired a total of 3.1159 million shares of Nexchip Semiconductor Corporation H shares (accounting for approximately 0.14% of Nexchip Semiconductor Corporation's total issued share capital as of the date of this announcement) through on-exchange transactions on the Hong Kong Stock Exchange, at a total cost of approximately HK$93.2221 million (excluding transaction costs), equivalent to an average price of approximately HK$29.92 per target share. Following the completion of the acquisition and as of the date of this announcement, the Group holds approximately 10.62% of Nexchip Semiconductor Corporation's total issued share capital. The acquisition demonstrates the Group's continued confidence in the future prospects of Nexchip Semiconductor Corporation and its recognition of the long-term investment value. Through the acquisition and the Group's commitment to holding Nexchip Semiconductor Corporation equity for the long term, the Group plans to deepen resource integration and synergy effects along the industry chain, and to take this opportunity to make key strategic investment layout, further explore the possibilities of cooperation in various business and project investments in the industry, in order to enhance the Group's overall competitiveness and market position.