KIWI INSTRUMENTS: Plans to spend 295 million yuan to acquire Xinggan Semiconductor

KIWI INSTRUMENTS announced that the company intends to acquire 100% equity of Shanghai Xinggan Semiconductor Co., Ltd. for 295 million yuan using its own or self-raised funds. Upon completion of this transaction, Xinggan Semiconductor will become a wholly-owned subsidiary of KIWI INSTRUMENTS and will be included in the company's consolidated financial statements. The funds will be paid in cash, sourced from the company's own or self-raised funds, and the transaction will not have a significant adverse impact on the company's financial condition. The acquisition aims to deepen the company's core business, broaden its technological boundaries, and enhance its system-level solution capabilities. This transaction is subject to approval by the company's shareholders' meeting