Shanghai Bright Power Semiconductor Co., Ltd. (688368.SH) plans to acquire control of Kaixinli through capital increase.

Shanghai Bright Power Semiconductor Co., Ltd. (688368.SH) announced that the company plans to use its own funds of RMB 20 million to increase capital in its associate company Shanghai Kaixinli Microelectronics Co., Ltd. (hereinafter referred to as "Kaixinli," the "Investment Target," or the "Target Company"). Upon completion of the capital increase, the company will directly hold 23.5603% of the equity of the Target Company, and will additionally hold 26.6415% of the equity of the Target Company through its wholly-owned subsidiary Hainan Jingxin Hai Venture Capital Co., Ltd. (hereinafter referred to as "Hainan Jingxin Hai"). The company will hold a total of 50.2018% of the equity of the Target Company directly and indirectly, and will exercise control over the Target Company. Since its founding, Kaixinli has focused on the research and development of high-performance analog and mixed-signal chips, and has been deeply engaged in the mid-to-high-end battery management chip sector for many years. It has mastered core process and design technologies and possesses deep technical reserves and full-scenario product development experience. Its existing products currently provide a rich battery management chip product matrix for multiple segmented tracks, covering solutions such as protection, front-end acquisition, and intelligent management SoCs. In the clean appliance and power tool fields, it has entered multiple domestic and international end customers and achieved mass production; in the consumer electronics field, it has launched a cost-effective digital front-end chip compliant with the new national standard for power banks; in the electric mobility field, it provides a rich battery management chip product matrix to meet different voltage platforms and different performance and cost requirements, and has successfully been introduced to multiple domestic customers. Kaixinli Microelectronics' battery management chips can deeply synergize with the company's self-developed MCU modules to provide customers with integrated system solutions.