Best Easy Micro: Plans to invest 295 million yuan to acquire Xinggan Semiconductor.

Biyi Microannounced that the company plans to acquire 100% equity of Shanghai Xinggan Semiconductor Co., Ltd. with its own funds or self-raised funds of 295 million yuan. After the completion of this transaction, Xinggan Semiconductor will become a wholly-owned subsidiary of Biyi Micro and be included in the company's consolidated financial statements. The funds will be paid in cash, sourced from the company's own funds or self-raised funds. The transaction will not have a significant adverse impact on the company's financial situation. The acquisition is aimed at deepening the company's core business, expanding technological boundaries, and enhancing its ability to provide system-level solutions. This transaction still needs to be reviewed by the company's shareholders' meeting.