Kangda New Materials (002669.SZ) is planning to acquire 51% equity of Zhongke Huawei, integrating high-quality assets into the field of special integrated circuit design and testing.

The Zhitong Finance APP reported that Kangda New Materials (002669.SZ) issued an announcement. The company signed a "Equity Acquisition Agreement" with Liaoning Sihe Micro Technology Co., Ltd. ("Sihe Micro"), Hainan Langshan Technology Co., Ltd. (hereinafter referred to as "Langshan Technology"), Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd. ("Hongyuan Electronics"), Qingdao Chu Yao Hongyi Entrepreneurship Investment Fund Partnership Enterprise (Limited Partnership) (hereinafter referred to as "Chu Yao Hongyi"), and the actual controllers of Zhongkehua Micro, Zhao Feng and Sun Lina. The company plans to acquire 51% equity of the target company with its own and self-raised funds of RMB 275 million. After the completion of this transaction, Zhongkehua Micro will become a subsidiary of the company and be included in the company's consolidated financial statements.