Leon Micro announced that the company plans to transfer 11.4705% of Zhejiang Jinruihong's shares held by SDIC Venture, with a transaction amount of 318 million yuan. The transaction was reviewed and approved by the 18th meeting of the 5th board of directors of the company. It does not constitute a related transaction or major asset restructuring, and there is no need to submit it to the shareholders' meeting for review, etc. After the transaction is completed, the company will directly and indirectly hold 100% of Zhejiang Jinruihong's shares, which will help enhance the company's profitability. The source of funds is own funds and bank loans, and the payment method is installment payment.

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