Nsing Technologies Inc. (02701) plans to invest in Nanjing Youcun Technology to enhance its capability in customized NOR Flash external memory MCU solutions.

Nsing Technologies Inc. (02701) announced that in order to continuously enhance the technological competitive advantage of the company's MCU products across the board, in addition to the advantages of embedded storage MCU technology, it aims to further strengthen the customization technology advantages of NOR Flash external storage MCUs. The company plans to use RMB 60 million from its H-share "strategic investment and acquisition" special fundraising to participate in the subscription of the additional registered capital of Nanjing Youcun Technology Co., Ltd. (referred to as "Nanjing Youcun" or "the target company") in the amount of RMB 496,196, based on a pre-investment valuation of RMB 590 million, corresponding to acquiring an 8.3333% equity stake in the target company after this investment. The difference between the investment amount and the additional registered capital will be included in the target company's capital reserve. After this investment is completed, Nanjing Youcun will become an associate company of the company and will not be included in the company's consolidated financial statements.