Huqin Technology (03296.HK): Completes acquisition of 5% equity stake in Crystal Integrated Solutions.

Wisdom Finance and Economics APP News, Huaqin Technology (03296.HK) announced that, based on the recognition of the long-term investment value of JHIC, on April 28, 2026, the Company and its wholly-owned subsidiary Hefei Qinhe entered into a share transfer agreement with Powerchip Venture Capital, under which Hefei Qinhe conditionally agreed to purchase, and Powerchip Venture Capital conditionally agreed to sell, 100.4 million shares of the target shares (approximately 5.0% of the total issued share capital of JHIC 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 Powerchip Venture Capital have recently obtained the "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, and the share transfer registration date is May 19, 2026.