Huitong Energy: Plans to invest CNY 184 million to acquire a 7.43% stake in Xinghua Chip

Huitong Energy announced that the company plans to acquire a 7.43% equity stake in Xinghua Chip held by Shaoxing Xinxing, with a total transaction price of 183.9 million yuan. The company will directly contribute 122.6 million yuan to the target company and pay 61.3 million yuan to Shaoxing Xinxing for the equity transfer. In addition, if Shaoxing Xinxing or its actual controller intends to transfer control of the target company in the future, the company has the right of first refusal. Xinghua Semiconductor Technology Co., Ltd. was established on November 28, 2022, and is a manufacturing enterprise engaged in semiconductor photomask production