Xinwei Communications announced that the company previously disclosed that its wholly-owned subsidiary Yiyang Xinwei acquired 55% of Yiyang Electronic Technology's shares and held 70% of the shares after the transaction was completed. As of the disclosure date of the announcement, Yiyang Electronic Technology has completed the registration of the industrial and commercial changes in the above equity settlement matters, and has obtained a “Business License” and “Notice of Registration”; the registered capital after the change was 2 billion yuan.

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