Zhejiang border management announced that the company plans to transfer 45% of the shares of Kunwu Semiconductor Technology Co., Ltd. held by three companies including Kengang Technology in cash, at a transaction price of no more than 405 million yuan. After the transaction is completed, the company will take control of the underlying company. The transfer is paid in five installments. The performance pledger must promise net profit from 2026 to 2028. If the performance requirements are not met, compensation or share repurchase is required. This agreement of intent shall enter into force after review and approval by the board of directors/shareholders' meetings of both parties.

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