Galaxy Microelectronics: The matter of issuing shares to purchase assets and related-party transactions is in progress.
Galaxy Microelectronics announced that the company plans to issue shares to acquire 100% equity of Hengtaike Semiconductor Co., Ltd. and raise supporting funds. This transaction is expected not to constitute a major asset restructuring or a restructuring listing, but is expected to constitute a related-party transaction. The company's shares and Yinwei Convertible Bonds resumed trading and conversion starting from the market opening on June 29, 2026. As of the disclosure date of this announcement, the audit, evaluation, and other work involved in this transaction are being carried out in an orderly manner. This transaction still needs to be approved by the company's board of directors and shareholders' meeting, and to pass review by the Shanghai Stock Exchange and registration by the CSRC. Whether approval will be obtained and the timing of approval remain uncertain.
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