Shengbang Co., Ltd. announced that the company plans to use its own capital, self-financing and/or H share listing capital to acquire 58.2878% of Shanghai Shenxiling Microelectronics Technology Co., Ltd.'s shares for a total of 833 million yuan. After the transaction is completed, the company will become the controlling shareholder of the target company, and the target company will become a controlling subsidiary within the scope of the company's consolidated statements. The target company focuses on the design of sensor chips and mixed signal chips. The products cover temperature sensors, temperature and humidity sensors, etc., and are used in industrial, medical, and smart wearable fields. This transaction does not constitute a related transaction or major asset restructuring. It is within the scope of approval authority of the board of directors, and there is no need to submit it to the shareholders' meeting for consideration.

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