GigaDevice Technology: Plans to sell product integration business for 4.389 billion yuan.

SMIC announced that the company plans to transfer 100% equity of its subsidiaries Kunming Wentai, Huangshi Zhitong, Kunming Zhitong, Shenzhen Wentai, and Hong Kong Wentai to Luxshare Precision and Luxshare Communication in cash, as well as the business assets package of its subsidiaries Wuxi Wentai, Wuxi Wenxun, and India Wentai, with a transaction price of 4.389 billion yuan. After the transaction is completed, the company will strategically withdraw from the product integration business and focus resources on the development of the semiconductor business. This transaction does not involve changes in the equity of the listed company and will not result in changes in the equity structure of the listed company. After the transaction is completed, the asset-liability ratio of the listed company will decrease and the asset quality will be improved.