Beifang Huachuang (002371.SZ) has obtained controlling rights over Core Source Microelectronics (688037.SH).

Zhixin Finance APP News, Beifang Huachuang (002371.SZ) announced that on June 24, 2025, the company received the "Confirmation of Securities Transfer Registration" issued by China Securities Depository and Clearing Corporation Limited, and learned that the company's agreement to acquire the shares of Xinyuan Microelectronics held by Zhongke Tienshan (688037.SH) has completed the share transfer registration procedures. The share transfer date is June 23, 2025, and the number of shares transferred is 16.89975 million. As of June 23, 2025, Beifang Huachuang holds 35,964.7 million shares of Xinyuan Microelectronics, accounting for approximately 17.87% of Xinyuan Microelectronics' total equity, making Beifang Huachuang the largest shareholder of Xinyuan Microelectronics. Beifang Huachuang has nominated 4 non-independent directors and 1 independent director, which is more than half of all directors and non-independent directors of Xinyuan Microelectronics, making Beifang Huachuang the controlling shareholder and obtaining control of Xinyuan Microelectronics.