Tinavi Micro: Intends to issue shares and purchase 100% equity of Panqi Microelectronics with cash

Tailewei announced that the company plans to purchase 100% equity of Shanghai Panqi Microelectronics Co., Ltd. through the issuance of shares and payment of cash, and to raise matching funds. The valuation and transaction price of the target assets are not yet determined, and it is expected that it will not constitute a related party transaction, a major asset restructuring, or a restructuring for listing. The company's stock has been suspended from trading since August 25, 2025, and will resume trading on August 30. As of the disclosure date of the announcement, due diligence, auditing, evaluation, and other related work for the transaction are ongoing, and further approval is required from the board of directors, shareholders' meeting, Shanghai Stock Exchange review, and China Securities Regulatory Commission registration, with uncertainties.