State Administration for Market Regulation: Approval of the acquisition of shares of Sporun Communication Company by Tech Co., Ltd. with additional restrictive conditions is the decision of the antitrust review case.

The State Administration for Market Regulation issued an announcement regarding the approval of the acquisition of shares of Spirent Communications plc by Ixia Technology Co., Ltd. The announcement stated that, considering the potential anticompetitive effects in the global and domestic high-speed Ethernet testing product market and network security testing product market, the State Administration for Market Regulation decided to approve the concentration subject to additional restrictive conditions based on the commitment plan submitted by the notifying party. The parties involved in the transaction are required to fulfill the following obligations: divest Spirent's high-speed Ethernet testing business, network security testing business, etc. to Viavi Solutions Inc, including maintaining the current operation of the business or ensuring the necessary assets and employees for the viability and competitiveness of the business. Implementation of the above-mentioned restrictive conditions will be supervised and enforced according to the commitment plan submitted by the notifying party to the State Administration for Market Regulation on September 16, 2025, which will be legally binding on the parties involved in the transaction and the entities after the concentration. The parties involved in the transaction and the entities formed after the concentration are required to report annually to the State Administration for Market Regulation on the implementation of this commitment plan until the expiry of the various restrictive conditions of this plan. The first restrictive condition will be in effect from the effective date until the completion of the divestment and transitional services, and the remaining restrictive conditions will be valid for 5 years from the effective date and automatically terminate upon expiry. The State Administration for Market Regulation has the authority to supervise the performance of the obligations by the notifying party through a supervisory trustee or its own inspection. If the parties involved in the transaction and the entities formed after concentration fail to fulfill the obligations mentioned above, the State Administration for Market Regulation will take action in accordance with the relevant provisions of the Anti-Monopoly Law.